Swilty Corporation as 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 FIFO inventory method, the amount allocated to ending inventory for July is $412 0 $388. 5400 0.0 $140