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

Beginning inventory	10 units at $48
First purchase	15 units at $51
Second purchase	51 units at $59
Third purchase	15 units at $60

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 LIFO method?

a.$1,143

b.$1,372

c.$1,104

d.$5,154