The following lots of Commodity Z were available for sale during the year. Beginning inventory First purchase 9 units at $48 16 units at $55 Second purchase Third purchase 52 units at $58 15 units at $59 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 LIFO? O a $5,213 Ob. $1.104 Oc$1,202 Od $1,349