On August 15, it sold 62 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? Use the company's inventory records to answer.

a) $525 b) $2,175 c) $545 d) $1,302

\begin{tabular}{|l|l|l|} \hline August 1 & Beginning balance & 31 units @ \$21 \\ \hline August 5 & Purchase & 26 units @ \$20 \\ \hline August 12 & Purchase & 30 units @ \$21 \\ \hline \end{tabular}