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 $88 per unit 174 units at $66 per unit Sales for the year totaled 269 units, leaving 21 units on hand at the end of the year. Ending inventory using the LIFO method is: Multiple Choice O $1,635 O $2,289 0 $1,436 . 42 units at $109 per unit . 74 units at $88 per unit 174 units at $66 per unit Sales for the year totaled 269 units, leaving 21 units on hand at the end of the year. Ending inventory using the LIFO method is: Multiple Choice o $1,635. o o $1,436. o $1,386
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