31. Priscilla has the following inventory information July 1 Beginning Inventory 20 units at $19 7 Purchases 70 units at $20 22 Purchases 10 units at $23 $ 380 1,400 230 $2,010 A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the average-cost method, the value of ending inventory is A) $680. B) $704 C) $723 D) $730 32. Priscilla has the following inventory information July 1 Beginning Inventory 20 units at $19 7 Purchases 70 units at $20 22 Purchases 10 units at $23 $ 380 1,400 230 $2,010 A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is A) $1,280 B) $1,287 c) $1,306 D) $1,330 33. Pappy's Staff has the following inventory information July 1 Beginning Inventory 20 units at $90 5 Purchases 120 units at $92 14 Sale 80 units 21 Purchases 60 units at $95 Sale 56 units 30 Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis? A) $5.848 B) 55.860 C) $6,068 D) $6,346 ds