The following lots of Commodity z were available for sale during the year Beginning inventory 11 units at $48 First purchase 18 units at $51 Second purchase 51 units at $55 Third purchase 14 units at $58 The firm uses the periodic system, and there are 27 units of the commodity or 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. $1.296 Ob 51,527 Oc 1.344 Od. 55,063