Question 19 of 50 - 14 View Policies er Current Attempt in Progress Sunland has the following inventory information. July 1 Beginning Inventory 20 units at $21 $420 7 Purchases 65 units at $20 1300 22 Purchases 15 units at $22 330 $2050 A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is $1280. $1330. $1306. O $1287