The following units of an inventory item were available for sale during the year: Beginning inventory 9 units at $51 first purchase 15 units at $54 Second purchase 24 units at $55 Third purchase 17 units at $63 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 $1, 121 $1, 401 $2, 211 $1, 860