9. Olympus Climbers Company has the following inventory data: July 1 Beginning inventory 30 units at $19 7 Purchases 22 Purchases $ 570 2,100 330 $3,000 105 units at $20 15 units at $22 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) $2,010. D) $2,070. 10. Pop-up Party Favors Inc. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 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 ending inventory for July is A) $930. B) $990, C) $960. D) S1,056. 11. Quiet Phones Company has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases 30 units at $19 105 units at $20 S 570 2,100 330 $3,000 15 units at $22 A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is A) $930. B) $990. C) $2,010. D) $2,070. Page 3