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 .

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 $107 per unit 73 units at $89 per unit 173 units at $62 per unit Sales for the year totaled 266 units, leaving 23 units on band 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 $14426 D 51.476 $2461

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