The following lots of Commodity 2 were available for sale during the year. Beginning inventory First purchase Second purchase 11 units at $52 17 units at $55 25 units at $26 Third purchase 14 units at $65 The firm uses the periodic Inventory system, and there are 23 units of the commodity on hand at the end of the year. What is the ending inventory balance of Commodity Z using the weighted average cost method? Do not round intermediate calculations. Round your answer to the nearest whole dollar. O a $1,196 Ob. $1.053 Oc. $1.144 Od $1,232