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 $107 per unit 72 units at $77 per unit 174 units at $51 per unit Sales for the year totaled 266 units, leaving 24 units on hand at the end of the year. Ending inventory using the average cost method is
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Home » Business » 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 $107 per unit 72 units at $77 per unit 174 units at $51 per