Unitech has the following inventory information. July 1 Beginning Inventory Purchases Purchases 7 22 A) $580. A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. B) $620. 20 units at $19 $ 380 Using the LIFO inventory method, the amount allocated to cost of goods sold for July is: OC) $1,380. 70 units at $20 10 units at $22 OD) $1,420. 1,400 220 $2,000

Unitech has the following inventory information. A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is: A) $580. B) $620. C) $1,380. D) $1,420