The following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $50.00 First purchase 19 units at $54.00 Second purchase 22 units at $57.00 Third purchase 13 units at $59.00 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the FIFO method? Select the correct answer. O $1,337.00 53,397.00 O $1,150.00 83,374.00