The following units of an inventory item were available for sale during the year: 8 units at $51 15 units at $50 Beginning inventory First purchase Second purchase Third purchase 24 units at $55 16 units at $65 The firm uses the periodic inventory system. During the year, 46 units of the item were sold. The value of ending inventory using LIFO IS Oa. $858 Ob. $1,062 Oc. $1.266 Od. 5408