23. A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the FIFO inventory method, cost of goods sold for July is A) $580 B) $620 C) $1,380 P) $1,420 PART 2: CHAPTERS 7.8, & 9 REVIEW 24. Tomasz Co sold $20.000 worth of merchandise and received cash The saies antrys EXTRA CREDIT REVIEW recorded in the: A) cash payments journal B) general journal C) sales journal D) cash receipts journal umal? 25. Adjusting and closi Pago 8 A) sales journal