Oriole has the following inventory information. July 1 Beginning Inventory 15 units at $18 $270 7 Purchases 75 units at $20 1500 22 Purchases 5 units at $24 120 $1890 A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is O $1120. O $1077. O $1096. O $1070