Question: Greetings , I need help with this question. Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following

Greetings ,

I need help with this 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):

44 units at $56

74 units at $107

172 units at $79

Sales for the year totaled 273 units, leaving 17 units on hand at the end of the year. Ending inventory using the LIFO method is:

  1. 1102
  2. 1183.31724
  3. 952
  4. 1819

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