Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made...
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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 $109 per unit
73 units at $79 per unit
171 units at $52 per unit
Sales for the year totaled 270 units, leaving 18 units on hand at the end of the year.
Ending inventory using the FIFO method is:
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