The following units of an inventory item were available for sale during the year Beginning inventory 11 units at $48 First purchase Second purchase Third purchase The firm uses the periodic inventory system. During the year, 54 units of the item were sold The value of ending inventory using LIFO is 16 units at $52 26 units at $59 19 units at $65 a. $1,420 b. $1,156 c.$892 d. $528 )