Sheridan Company has the following inventory data: July 1 Beginning inventory 34 units at $ 17 $ 578 7 Purchases 118 units at $18 2124 22 Purchases 17 units at $ 18 306 $ 3008 A physical count of merchandise inventory on July 30 reveals that there are 42 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is $ 756. O $ 722 O $756. O $ 798