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

$1164.

$1200.

$1236.

$1320.