July 1.......Beginning Inventory..........20 units @ $20 = $400 July 7....... Purchases..... ..70 units @ $21 = $1,470 July 22.....Purchases.. .10 units @ $22 = $220 Total cost of goods available............. ..$2,090 A physical count of merchandise inventory on July 30 reveals that there are 35 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is