Question 23 Sheridan Company has the following inventory data: July 1 Beginning inventory 36 units at $19 $684 7 Purchases 126 units at $20 2520 22 Purchases 18 units at $22 396 $3600 A physical count of merchandise inventory on July 30 reveals that there are 60 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is O $1200 O $1236. O $1320. O $1164