Sheffield Corp. has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 160 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is A physical count of merchandise inventory on July 30 reveals that there are 160 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is $3200.$3104$3520$3296