Question 2 The following units of an inventory item were available for sale during the year: Beginning inventory First purchase 5 units at $230 $1,150 20 units at $232 = $4,640 Second purchase 25 units at $234 = $5,850 Third purchase Available for sale 55 5 units at $235 $1.175 $12,815 The company uses the periodic inventory system. There are 15 units in the physical inventory at the end of the year. The value of ending inventory using LIFO is O a. $3,470 b. $9,345 Oc. $3,515 O d.$3,495