During July, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows:

Cost Per

Units Unit $

Beginning inventory 90 13

July 5 Purchase 40 14

10 Sale 65 ---

15 Purchase 75 16

25 Sale 55 ---

What was the FIFO cost of the company's July 31 inventory?

[ Select ] ["1,765", "1,165", "1,253.75", "1,340", "1,676.25", "1,590"]

What was the cost of goods sold for July?

[ Select ] ["1,676.25", "1,765", "1,253.75", "1,340", "1,590", "1,165"]