Suppose that Pharoah Trading Post has the following inventory data: July 1 Beginning inventory 43 units at $22 $946 7 Purchases 151 units at $23 3473 22 22 Purchases 22 units at $24 528 $4947 The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 54 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is $3683. $3651. $3575. $3748.