Cullumber Inc. uses the FIFO cost formula in a perpetual inventory system. July 1 Beginning inventory 45 units @ $44 per unit July 7 Purchases 95 units @ $45 per unit July 8 Sales July 9 Sales 75 units 50 units July 10 Purchases 75 units @ $47 per unit July 22 Sales 65 units The cost of goods sold for the July 9 sale was $2200. $2205. $2250. $2245.