Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition):

• 41 units at $102 per unit
• 74 units at $76 per unit
• 174 units at $69 per unit

Sales for the year totaled 269 units, leaving 20 units on hand at the end of the year.

Ending inventory using the LIFO method is:

Multiple Choice

• $2,040.

• $1,380.

• $1,430.

• $1,509.