Question: Fulbright Corp. uses the periodic inventory system. During its first year of operations Fulbright made the following purchases (listed in chronological order of acquisition) 41

of operations Fulbright made the following purchases (listed in chronological order of

Fulbright Corp. uses the periodic inventory system. During its first year of operations Fulbright made the following purchases (listed in chronological order of acquisition) 41 units at $103 73 units at $7 171 units at $56 Sales for the year totaled 269 units, leaving 16 units on hand at the end of the year Ending inventory using the average cost method is (Do not round unit cost calculation. Round your final answer to the nearest whole dollar amount) Mutiple Choice $896 $946 1.066 Sales for the year totaled 269 units, leaving 16 units on hand at the end of the year Ending inventory using the average cost method is (Do not round unit cost calculation. Round your final answer to the nearest whole dollar amount): Multiple Choice $896 $946 1,066 $1,648

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