A corporation uses a FIFO perpetual inventory system.
August 2, 32 units were purchased at $19 per unit.
August 5, 17 units were purchased at $20 per unit.
August 15, 19 units were sold at $39 per unit.
August 18, 22 units were purchased at $21 per unit.
What was the amount of the ending inventory for the month of August?
a) $1,049
b) $1,032
c) $608
d) $1,203
e) $1,040