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Brown Corp has the following inventory data: July 1 Beginning inventory 2 0 units at $ 1 9 $ 3 8 0 July 7 Purchases

Brown Corp has the following inventory data:
July 1
Beginning inventory
20 units at $19
$380
July 7
Purchases
70 units at $20
1,400
July 22
Purchases
10 units at $22
220
$2,000
A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is:
Group of answer choices
$1,180
$1,340
$620
$780

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