Multiple Choice Question 76 Skysong, Inc. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases 30 units at $19 105 units at $20 15 units at $22 $570 2100 230 $3000 A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is $970. $1000. $1030. $1100. O