The following lots of Commodity 2 were available for sale during the year. Beginning inventory 11 units at 552 First purchase 19 units at $54 Second purchase 24 units at 57 Third purchase 16 units at $60 The firm uses the periodic system, and there are 27 units of the commodity on hand at the end of the year. What is the ending Inventory balance at the end of the year according to the FIFO method? Os 51.404 Ob. 53926 Oc. 53.599 Od. 5:57