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) 45

Fulbright Corp. uses the periodic inventory system. During its first year of operations. Fulbright made the following purchases (listed In chronological order of acquisition) 45 units at $102 per unit . 72 units at $90 per unit 173 units at $51 per unit Sales for the year totaled 269 units, leaving 21 units on hand at the end of the year, Ending inventory using the FIFO method is

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