Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made...
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Accounting
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 $103 per unit
- 72 units at $76 per unit
- 174 units at $55 per unit
Sales for the year totaled 268 units, leaving 19 units on hand at the end of the year. Ending inventory using the average cost method is: (Do not round unit cost calculation. Round your final answer to the nearest whole dollar amount.)
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