The following lots of a particular commodity were available for sale during the year

Beginning inventory 10 units at $52.00

First purchase 15 units at $55.00

Second purchase 22 units at $26.00

Third purchase 16 units at $58.00

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 amount of inventory at the end of the year according to the average cost method? Do not round intermediate calculations. Round your final answer to the nearest whole dollar.

Select the correct answer.

$1,352

$1,400

$1,174

$1,188