Gloria owns a shop selling cosmetic products. On 1 July 2022, the company has 150 units of products at $10 each. During the month of July, the following transactions took place: The company adopts the Last-In-First-Out method under the periodic inventory system to value its closing inventory. What is the amount of cost of goods sold on 31 July 2022? $1,490 $1,500 $1.530 $1.580