Question 1 The following lots of a particular commodity were available for sale during the year: Beginning inventory First purchase Second purchase Third purchase Units 180 Unit Total Cost Cost 5 $10 $50 5 $12 $60 5 $14 $70 5 $15 0/1 pts $75 A business uses a periodic inventory system sold 15 units during the year. Assuming the cost of the units sold were based on FIFO, $10/unit, $12/unit, $14/unit and $15/unit, the total cost of ending inventory is $