nts Question 11 1 pts ABC has the following inventory information: July 1 Beginning Inventory 20 units at $19 each $380 July 7 Purchases 70 units at $20 each 1.400 July 22 Purchases 10 units at $24 each 240 itton A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using tions FIFO under the periodic method, the amount allocated to the cost of goods sold for July is: sources erves $640 $1,414 $580 $1,380