The following lots of Commodity Z were available for sale during the year. Beginning inventory 11 units at $49 First purchase 17 units at $55 Second purchase 51 units at $56 Third purchase 18 units at $64 The firm uses the periodic system, and there are 26 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? a $1,364 O b. $1,274 O c. $1,600 Od. $5,482

The following lots of Comandity z were avalabie far saie during the year 11,36t siata c. 51sin