The following units of an inventory item were available for sale during the year: Beginning inventory 12 units at $51 First purchase 16 units at $54 Second purchase 22 units at $56 Third purchase 15 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 0.5612 b. 51,296 C. 5990 d. 51.602