The following lots of Commodity Z were available for sale during the year. Beginning inventory 10 units at $48 First purchase Second purchase 19 units at $51 55 units at $55 Third purchase 17 units at $62 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 LIFO method? Oa. $1,347 Ob. $1,604 Oc. $1,296 Od. $5,528