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 $109 per unit 74 units at $79 per unit 175 units at $61 per unit Sales for the year totaled 275 units, leaving 16 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 O $1360 O O O $976 O $1026 O 0 24 O

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