Olympus Climbers company has the following inventory data: July 1 beginning inventory 20 units at $19 = $380 July 7 purchases 70 units at $20 = $1,400 July 22 purchases 10 units at $22 = $220 = $2,000 a physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. using the FIFO inventory method, the amount allocated to CGS for July is: A. $780 B. $820 C. $1,180 D. $1,220