Question 32 Allied's inventory records show the following data at January 31: Beginning inventory Jan. 1 110 units at $8 per unit Jan. 10 purchase 290 units at $11 per unit Jan. 22 purchase 120 units at $12 per unit At January 31, 240 units are still on hand. What is the cost of goods sold for January if Allied uses the LIFO method? $3,200 $2,310 $2,880 $1,920