The following lots of Commodity Z were available for sale during the year.

Beginning inventory	7 units at $52
First purchase	15 units at $54
Second purchase	50 units at $56
Third purchase	19 units at $59

The firm uses the periodic system, and there are 20 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?

The following lots of Commodity Z were available for sale during the year.

Beginning inventory	7 units at $48
First purchase	15 units at $51
Second purchase	27 units at $55
Third purchase	17 units at $62

The firm uses the periodic system, and there are 23 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 FIFO method?

The following lots of a particular commodity were available for sale during the year

Beginning inventory	11 units at $48
First purchase	18 units at $55
Second purchase	21 units at $20
Third purchase	15 units at $60

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 rounded to nearest dollar according to the average cost method? Do not round intermediate calculations.