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The following units of an inventory item were available for sale during the year:
| Beginning inventory | 8 units at $52 |
| First purchase | 15 units at $54 |
| Second purchase | 20 units at $59 |
| Third purchase | 13 units at $61 |
The firm uses the periodic inventory system. During the year, 37 units of the item were sold.
The value of ending inventory using LIFO is
a.$1,218
b.$1,426
c.$1,010
d.$416
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