Suppose that Sheridan Trading Post has the following inventory data:

July 1		Beginning inventory		44 units at $22		$968
7		Purchases		154 units at $23		3542
22		Purchases		22 units at $24		528
						$5038

The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 55 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is

Select answer from the options below

$3641.

$3817.

$3751.

$3718.