The following lots of Commodity Z were available for sale during the year. Beginning inventory 9 units at $52 First purchase Second purchase Third purchase 17 units at $51 23 units at $55 18 units at $63 The firm uses the periodic inventory system, and there are 25 units of the commodity on hand at the end of the year What is the ending inventory balance of Commodity Z using FIFO? Oa. $3,734 Ob. $1,300 Oc. $3.709 Od. $1,519