he following units of an inventory item were available for sale during the year:

Beginning inventory 10 units at $52

First purchase 19 units at $50

Second purchase 25 units at $55

Third purchase 14 units at $64

The firm uses the periodic inventory system. During the year, 48 units of the item were sold.

The value of ending inventory using FIFO is

a.$2,176

b.$981

c.$1,746

d.$1,226