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): . . 42 units at $107 per unit 70 units at $82 per unit 175 units at $54 per unit Sales for the year totaled 270 units, leaving 17 units on hand 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 $918

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