The Delta company uses a periodic inventory system. The beginning balance of inventory and the purchases made by Delta during the month of July are given below: Date.Description. July 01 Beginning inventory...500..$2 July 18 lnventory purchased...800..$24$00 July 25 .nventory purchased...." 700, $26. ....$18,200 Total... 2,000. $47,400 The Delta company sold 1,400 units during the month of July. Compute cost of goods sold on 31st July for the month of july using LIFO method 35500 33600 36400 35000