OrioleInc. has the following inventory data:

July 1 Beginning inventory 50units at $19$=950

7th Purchases 104units at $20 = 2080

22 Purchases25units at $22 =. 550$

total = 3580

A physical count of merchandise inventory on July 31 reveals that there are49units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is

$2630.

$2355.

$2550.

$2259.