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

• 43 units at $99 per unit
• 72 units at $74 per unit
• 171 units at $66 per unit

Sales for the year totaled 272 units, leaving 14 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

• $974.

• $1,386.

• $1,022.

• $924.