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

The following lots of Commodity Z were available for sale during the year.
Beginning inventory
First purchase
Second purchase
Third purchase
10 units at $30
25 units at $32
30 units at $34
10 units at $35
The firm uses the periodic inventory system, and there are 20 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?
a. $690
b. $659
c. $655
d. $620
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