Ayayai Corp. has the following inventory data:

July 1		Beginning Inventory		38 units at $19		$722
7		Purchases		132 units at $20		2640
22		Purchases		19 units at $21		399
						$3761

A physical count of merchandise inventory on July 30 reveals that there are 47 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is

$2859.

$2708.

$2802.

$2774.