Sheridan Company has the following inventory data:

July 1		Beginning inventory		32 units at $15		$480
7		Purchases		85 units at $24		2040
22		Purchases		13 units at $16		208
						$2728

A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is

$600.

$960.

$672.

$640.