Hey, i need help with these two questions! i would really apreciate it if you would HELP me and tell me HOW you got the answer instead of just posting it so that i can understand as well.

Use the inventory information below for the month of July to answer the following question: July 1 Beginning Inventory 20 units at $19 each July 7 Purchase 70 units at $20 each July 22 Purchase 10 units at $22 each A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the LIFO inventory method, the amount allocated to COST OF GOODS SOLD for July is

Question 2 options:

	$1,280.
	$1,320.
	$720.
	$680.

Use the inventory information below for the month of July to answer the following question: July 1 Beginning Inventory 20 units at $19 each July 7 Purchase 70 units at $20 each July 22 Purchase 10 units at $22 each A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the LIFO inventory method, the amount allocated to ENDING INVENTORY for July is

Question 3 options:

	$680.
	$720.
	$1,280.
	$1,320.