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The following lots of Commodity Z were available for sale during the year. Beginning inventory 1 0 units at $ 4 8 First purchase 1

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The following lots of Commodity Z were available for sale during the year.
Beginning inventory
10 units at $48
First purchase
16 units at $50
Second purchase
28 units at $26
Third purchase
13 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 the weighted average cost method? Do not round intermediate calculations. Round your answer to the nearest whole dollar.
a. $1,055
b. $1,131
c. $1,230
d. $1,200
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