Fulbright Corporation uses the periodic inventory system. During its first year of operations, Fulbright made...
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Fulbright Corporation 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 $92 per unit - 71 units at $77 per unit - 170 units at $64 per unit Sales for the year totaled 272 units, leaving 11 units on hand at the end of the year. Ending inventory using the average cost method Is: Note: Do not round unit cost calculation. Round your final answer to the nearest whole dollar amount. Multiple Choice $704 $754. $1,012 $786
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