Current Attempt in Progress Ayayal Corp. has the following inventory data July 1 7 22 Beginning inventory Purchases Purchases 38 units at $19 132 units at $20 19 units at $21 $722 2640 399 $3761 A physical count of merchandise inventory on July 30 reveals that there are 47 units on hand, Using the FIFO inventory method, the amount allocated to cost of goods sold for July is $2859 $2774 52700