Q2: XYZ COMPANY had the following information for its inventory (under perpetual inventory system): Units Units cost Total July 1 Beginning Inventory 14 111 1554 5 Purchases 56 120 6720 21 Purchases 23 113 2599 Total Goods available for 93 10873 sales Sales transactions: Total units sold are 65 units Using the average-cost method and FIFO to calculate the value of ending inventory: Using the FIFO and average cost inventory method, the amount allocated to cost of goods sold for July is