Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition): . 42 units at $92 per unit 71 units at $84 per unit 174 units at $51 per unit Sales for the year totaled 265 units, leaving 22 units on hand at the end of the year. Ending inventory using the LIFO method is: Multiple Choice O $1,434 $1,122. O O $2,024 O $1,172. In a perpetual average cost system: Multiple Choice A new weighted-average unit cost is calculated each time additional units are purchased. The average is determined by dividing the total number of units sold by the cost of units purchased during the period. The cost allocated to ending inventory is generally the same as it would be in a periodic inventory system. The moving average unit cost is determined following each sale