Suppose that Pharoah has the following inventory data:

July $1$ Beginning inventory $25$ units at $$5\mathrm{.}00$

$5$ Purchases $101$ units at $$5\mathrm{.}50$

$14$ Sale $67$ units

$21$ Purchases $50$ units at $$6\mathrm{.}00$

$30$ Sale $47$ units

Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?

$$650\mathrm{.}50$

$$980\mathrm{.}50$

$$330\mathrm{.}00$

$$485\mathrm{.}00$