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 $103 73 units at $78 172 units at $63 Sales for the year totaled 273 units, leaving 16 units on hand at the end of the year Ending inventory using the FIFO method is Multiple Choice $1,058 $1,008 $1,648 $1,166

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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): 44

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 $103
73 units at $78
172 units at $63

Sales for the year totaled 273 units, leaving 16 units on hand at the end of the year.

Ending inventory using the FIFO method is:

Multiple Choice

$1,058.
$1,008.
$1,648.
$1,166.

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