Inventory information for XYZ Company is provided below:

Date	Description	Units	Unit Cost
July 1	Beginning Inventory	20	$18
July 7	Purchases	50	$20
July 14	Purchases	20	$22
July 21	Purchases	30	$24

Additional Information: On July 25, a total of 90 units were sold.

Question: Using the LIFO inventory method, what amount should be recorded for ending inventory on July 31?

Select one:

a. $ 560

b. $2,340

c. $ 620

d. $2,520

e. $ 720