progresse Update The following lots of commodity z were available for sale during the year. Beginning Inventory 9 units at $51 First purchase 19 units at $52 Second purchase 55 units at $56 Third purchase 19 units at $60 The firm uses the periodic system, and there are 26 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? Oa. $1,345 Ob. 55,667 Oc. $1,326 Od. 51,592 Previous 119 27 273