Swifty Corporation has the following inventory data:

July 1		Beginning inventory		12 units at $ 19		$ 228
7		Purchases		42 units at $ 20		840
22		Purchases		6 units at $ 22		132
						$ 1200

A physical count of merchandise inventory on July 30 reveals that there are 20 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is

$ 412.

$ 812.

$ 788.

$ 388.

Current Attempt in Progress Swifty Corporation has the following inventory data: July 1 Beginning inventory 12 units at $19 $ 228 7 Purchases 42 units at $20 840 22 Purchases 6 units at $ 22 132 $ 1200 A physical count of merchandise inventory on July 30 reveals that there are 20 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is O $ 412. $ 812. O $ 788. O $388