Swifty Corporation has the following inventory data: July 1 Beginning Inventory 30 units at $15 7 Purchases 106 units at $16 22 Purchases 15 units at $17 $450 1696 255 $2401 A physical count of merchandise inventory on July 30 reveals that there are 38 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is $1702. $1755. $1823 $1778