Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases (listed in chronological order of acquisition):
40 units at $100
70 units at $ 80
170 units at $ 60
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.
Ending inventory using the average cost method is:
A. $ 650.
B. $1,000.
C. $ 707.
D. $ 600.