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The following lots of Commodity 2 were available for sale during the year Beginning Inventory...

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The following lots of Commodity 2 were available for sale during the year Beginning Inventory 9 units at $52 15 units at $50 First purchase Second purchase 27 units at $58 Third purchase 19 units at $63 The firm uses the periodic system, and there are 27 units of the commodity on hand at the end of the year. What is the ending Inventory balance at the end of the year according to the FIFO method? Oa. $1404 Ob. 13.054 Oc. $1.661 Od. 1981

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