Pharoah has the following inventory data:

July 1		Beginning inventory		62 units at $149
5		Purchases		372 units at $139
14		Sale		248 units
21		Purchases		186 units at $143
30		Sale		174 units

Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?

$28042

$59278

$59402

$28266