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The following units of an inventory Item were available for sale during the year: Beginning inventory 12 units at $47 First purchase 18 units at

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The following units of an inventory Item were available for sale during the year: Beginning inventory 12 units at $47 First purchase 18 units at $53 Second purchase 25 units at $58 Third purchase 18 units at $61 The firm uses the periodic inventory system. During the year, 53 units of the item were sold. The value of ending inventory using LIFO is Oa. $1.270 Ob. $564 Oc. $988 Od. $1,552

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