The following lots of Commodity Z were available for sale during the year. Beginning inventory 12 units at $48 First purchase 15 units at $52 Second purchase 53 units at $55 Third purchase 13 units at $64 The firm uses the periodic system, and there are 25 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 uro method? a $1,200 b. 51,252 C. $1,492 following lots of a particular commodity were available for sale during the year 12 units at $50 Beginning inventory First purchase Second purchase 15 units at $55 26 units at $27 19 units at $60 Third purchase 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. a $1,180 b. $1,300 c. $1,329