Marigold Corp. has the following inventory data:

July 1		Beginning inventory		31 units at $16		$496
7		Purchases		109 units at $16		1744
22		Purchases		16 units at $17		272
						$2512

A physical count of merchandise inventory on July 30 reveals that there are 39 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is

$663.

$624.

$640.

$679.