The units of an item available for sale during the year were as follows:

Jan	1	Inventory	13	units at	129
April	15	Purchase	138	units at	115
September	9	Purchase	26	units at	131

There are 44 units of the item in the physical inventory at December 31. The periodicinventory system is used. Determine the inventory cost using the last-in, first-out(LIFO)