Legion Company has the following inventory datd. 7/1 Inventory 20 units @ \$19 \$380 7/7 Purchases 70 units @ \$20 1,400 7/22 Purchases10 units@ \$22220 A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is 1) $820. 2) $780. 3) $1,180. 4) $1,220