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Marigold Corp. has the following inventory data: July 1 Beginning inventory 23 units at $15 $345 7 Purchases 82 units at $16 1312 22 Purchases

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Marigold Corp. has the following inventory data: July 1 Beginning inventory 23 units at $15 $345 7 Purchases 82 units at $16 1312 22 Purchases 12 units at $17 204 $1061 A physical count of merchandise Inventory on July 30 reveals that there are 37 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is 5604 $1257. $1292 $569

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