QUESTION 19 Fulbright Corp. uses the periodic inventory system. During its first year of operations. Fulbright made the following purchases (listed in chronological order of acquisition 40 units at $100 70 units at 580 170 units at $60 Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year, Ending inventory using the FIFO method ist 5600 5650 O 51.000 $707