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The following lots of Commodity Z were available for sale during the year.

Line Item Description Units and Cost

Beginning inventory $12$ units at $$48$

First purchase $16$ units at $$51$

Second purchase $24$ units at $$59$

Third purchase $14$ units at $$65$

The firm uses the periodic inventory system, and there are $23$ units of the commodity on hand at the end of the year.

What is the ending inventory balance of Commodity Z using FIFO?

a$.$ $$1,104$

b$.$ $$3,695$

c$.$ $$1,441$

d$.$ $$3,718$