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34. Quiet Phones Company has the following inventory data: July 1 July 7 July 22 Beginning inventory Purchases Purchases 30 units at $19 105 units

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34. Quiet Phones Company has the following inventory data: July 1 July 7 July 22 Beginning inventory Purchases Purchases 30 units at $19 105 units at $20 15 units at $22 $ 570 2,100 330 $3,000 A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is a. $930. b. $990. c. $2,070. d. $2,010. (3.5 pts)

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