ivanhoe inc has the following inventory data:

July 1	Beginning Inventory	42 units at $21	$882
July 7	Purchases	146 units at $22	$3212
July 22	Purchases	21 units at $23	$483

$4577

The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 52 units on hand. Using the FIFO inventory method , the amount allocated to cost of goods sold for July is:

a.) $3308

b.) $3475

c.) $3412

d.) $3381