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Marigold Corp. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases 18 units at $19 63 units at $20 9 units

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Marigold Corp. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases 18 units at $19 63 units at $20 9 units at $22 $342 1260 198 $1800 A physical count of merchandise inventory on July 30 reveals that there are 30 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is $618 $1798. $582 $1182

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