Points out of 1.00 The following units of an inventory item were available for sale during the Beginning inventory First purchase 10 units at $55 5 units at $60 units at $65 15 units at $70 The firm uses the periodic inventory system. During the year, 60 units of the item were sold The value of ending inventory using LIFO is Select one: O a. $1,250 b. $1.350 c. $1.150 d. $1,375