Coronado has the following inventory information July, Beginning Inventory 7 Purchases 22 Purchases 20 units at $18 $360 70 units at $21 1470 15 units at $19 285 $2115 A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is $1371 $1285 $1293 $1335