Suppose that Sandhill Trading Post has the following inventory data:

July 1 Beginning Inventory 37 units at $18 $666

7 Purchases 129 units at $19 $2451

22 Purchases 18 units at $20 360 _______________

$3477

========= The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 46 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is

A. $2640

B. $2557

C. $2585

D. $2493