The following units of an inventory item were available for sale during the year: Beginning inventory 10 units at $49 First purchase 16 units at $54 Second purchase 22 units at $57 Third purchase 14 units at $57 The firm uses the periodic inventory system. During the year, 41 units of the item were sold. The value of ending inventory using LIFO is 8 x 5490 Oh $1,574 $1,064 4. $1,329