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

Beginning inventory 11 units at $48.00

First purchase 19 units at $51.00

Second purchase 28 units at $27.00 T

hird purchase 13 units at $61.00

The firm uses the periodic system, and there are 22 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.

a $1,036

b $1,089

c $944

d $1,056