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 $109 per unit
• 73 units at $72 per unit
• 173 units at $61 per unit

Sales for the year totaled 268 units, leaving 21 units on hand at the end of the year.

Ending inventory using the LIFO method is:

Multiple Choice

• $1,331.
• $2,289.
• $1,489.
• $1,281.