Apple-A-Day Company has the following inventory data: July 1 Beginning inventory 20 units at $20 $400 7 Purchases 70 units at $21 1, 470 22 Purchases 10 units at $22 220 $2, 090 A physical count of merchandise inventory on July 30 reveals that there are 30 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is $1, 480 $1, 470 $1, 450. $1, 430