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7 Swifty has the following inventory information. July 1 Beginning Inventory 20 units at $19 $380 7 22 Purchases Purchases 65 units at $20 10

7 Swifty has the following inventory information. July 1 Beginning Inventory 20 units at $19 $380 7 22 Purchases Purchases 65 units at $20 10 units at $18 1300 180 $1860 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 O $1180 O $1130 $1210 $1143 SINK TO TEXTimage text in transcribed

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