The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Newtown, Inc. for an operating period.

	Units	Unit Cost		Total Cost		Units Sold
Beginning Inventory	32	$18		$ 576
Sale no. 1						10
Purchase no. 1	28	20		560
Sale no. 2						32
Purchase no. 2	20	19		380
Totals	80			$1,516		42

Assuming Newtown, Inc., uses FIFO periodic inventory procedures, the ending inventory cost is:

Select one:

A. $684

B. $696

C. $722

D. $740

E. None of the above