-135 Concord has the following inventory information, July Beginning 1 Inventory 7 Purchases $450 25 units at $18 75 units at $22 15 units at $20 1650 22 Purchases 300 $2400 A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is O $1570. O $1620. $1596. O $1577 Crane Shutters has the following inventory information. Nov. 1 Inventory 8 Purchase 17 Purchase 60 units @ $7.00 50 units @ $5.00 40 units @ $7.00 100 units @ $8.00 25 Purchase A physical count of merchandise inventory on November 30 reveals that there are 60 units on hand. Assume a periodic Inventory system is used. Cost of goods sold (rounded to the nearest dollar) under the average-cost method is O $1336. O $1352 O $1330. $1298