Pop-up Party Favors Inc has the following inventory data: July 1 Beginning inventory 20 units at $19 $ 380 7 Purchases 70 units at 1,400 $20 22 Purchases 10 units at $22 220 $2,000 A physical count of merchandise inventory on July 30 reveals that there are 32 uni on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is 1) $640. 2) $704. 3) $660. 4) $620.