The following units of an inventory item were available for sale during the year: 11 units at $49 15 units at $50 Beginning inventory First purchase Second purchase Third purchase 27 units at $59 16 units at $65 The firm uses the periodic inventory system. During the year, 47 units of the item were sold. The value of ending inventory using FIFO is a. $1,394 Ob. $1,933 c. $2,144 d. $1,115