The following lots of Commodity Z were available for sale during the year. Beginning inventory 10 units at $51 First purchase 17 units at $53 Second purchase 52 units at $59 Third purchase 13 units at $58 The firm uses the periodic system, and there are 25 units of the commodity on hand at the end of the year. What is inventory balance at the end of the year according to the LIFO method? a $1,275 b.$1,462 c.$5,233 d.$1,305