A physical count of merchandise inventory on July of ending inventc hand. Using the FIFO inventory method, the value of a. $585 b. $606. c. $640. d. $660. A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is a. $1,380. b. $1,414 c. $1,470. d. $1,440. 35. Pasquale has the following inventory information. July1722BeginningInventoryPurchasesPurchases20unitsat$1970unitsat$2010unitsat$24$3801,400240$2,020 A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the LIFO inventory method, the value of ending inventory is a. $580. b. $606 c. $640. d. $660