The following units of an inventory item were available for sale during the year: Beginning inventory 11 units at $48 First purchase 17 units at $50 Second purchase 21 units at $57 Third purchase 13 units at $65 The firm uses the periodic inventory system. During the year, 39 units of the item were sold. The value of ending inventory using FIFO is a. $1,132 b. $2,265 c. $1,415 d. $1,943