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): .

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): . 44 units at $106 per unit 72 units at $73 per unit 172 units at $57 per unit Sales for the year totaled 274 units, leaving 14 units on hand at the end of the year. Ending inventory using the FIFO method is: Multiple Choice $848 $798 O $848. O $798. O O $959. $1,484

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