Kingbird, Inc. has the following inventory data: July 1 Beginning inventory 34 units at $22 $748 7 Purchases 120 units at $23 2760 22 Purchases 17 units at $25 425 $3933 A physical count of merchandise inventory on July 30 reveals that there are 55 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is O $2702 $1231. O $1299. $2634. Click if you would like to Show Work for this question: Open Show Work