Question 18 of 50 -14 III View Policies Current Attempt in Progress Swifty has the following inventory information. July 1 Beginning Inventory $150 10 units at $15 80 units at $20 20 units at 7 Purchases 1600 22 Purchases 420 $21 $2170 A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is O $1350. O $1376. O $1357. O $1400. Save for Later Attempts: 0 of 1 used Submit