The following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $50 First purchase 16 units at $55 Second purchase 21 units at $24 Third purchase 17 units at $64 The firm uses the periodic system, and there are 24 units of the commodity on hand at the end of the year. What is the ending inventary balance at the end of the year rounded to nearest dollar according to the average cost method? Do not round intermediate calculations Os 51,256 Ob 51200 x 51,25 d. 51,110