A Company Had 14 Units of Inventory at a Cost

Multiple Choice

A company had 14 units of inventory at a cost of $18 each on July 1. On July 2, the company purchased 19 units at $19 each. On July 6, the company purchased 15 units at $20 each. On July 8, the company sold 36 units for $63 each. Given this information, determine the cost of the 36 units sold using the LIFO periodic inventory method.

A) $673
B) $697
C) $720
D) $772
E) $949