The following units of an inventory item were available for sale during the year:

Beginning inventory	11 units at $47
First purchase	17 units at $50
Second purchase	21 units at $58
Third purchase	19 units at $62

The firm uses the periodic inventory system. During the year, 42 units of the item were sold.

The value of ending inventory using FIFO is

a.$2,434

b.$1,584

c.$1,267

d.$2,101