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 $109 71 units at $74 174 units at $59 Sales for the year totaled 269 units, leaving 17 units on hand at the end of the year. Ending inventory using the LIFO method is: Multiple Choice 0 $1,188 0 $1,853 0 $1,003 0 $1,053. Bond Company adopted the dollar-value LIFO inventory method on January 1, 2018. In applying the LIFO method, Bond uses internal cost indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 3 for the two years following the adoption of LIFO: Year 1/1/2018 12/31/2018 12/31/2019 Ending Inventory At Current At Base Cost Year Cost $301,000 $301, 000 349, 270 329,500 441, 570 359,000 Cost Index 1.00 1.06 1. 23 Under the dollar-value LIFO method, the inventory at December 31, 2019, should be Multiple Choice 0 $367,495. 0 $359,000. 0 $360,710. 0 None of these answer choices are correct. Nu Company reported the following pretax data for its first year of operations. Net sales Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: If LIFO is elected If FIFO is elected 2, 860 2,320 730 30% 1,000 1,200 What is Nu's net income if it elects LIFO? Multiple Choice 0 $810 0 $707. 0 $1,010. 0 $567 Udon Inc. adopted dollar-value LIFO (DVL) as of January 1, 2018, when it had an inventory of $690,000. Its inventory as of December 31, 2018, was $741,600 at year-end costs and the cost index was 1.03. What was DVL inventory on December 31, 2018? Multiple Choice $710,700. $720,000. $741,600. $720,900