The following lots of Commodity z were available for sale during the year Beginning inventory 12 units at $48 First purchase 16 units at $53 Second purchase 52 units at $56 Third purchase 17 units at $61 The firm uses the periodic system, and there are 26 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 LIFO method? Ca. 55.373 51311 c. 51,248 Cd. 51,541