The following lots of a particular commodity were available for sale during the year Beginning inventory 12 units at $49 First purchase 15 units at $53 Second purchase 24 units at $21 Third purchase 17 units at $62 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 ending inventory balance at the end of the year rounded to nearest dollar according to the average cost method? Do not round intermediate calculations. Oa. $1,171 Ob. $995 Oc. $1,127 Od. $1,180