Question 23 Seltzer Company has the following inventory data: July 1 July 7 July 22 Beginning inventory Purchases Purchases 20 units at s 70 units at $21 10 units at $22 20 $ 400 1,470 220 $2,090 A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is