Use the following information for the month of July for questions 33-36 ABC Inc. uses the FIFO cost method in a perpetual inventory system. Jul I Beginning inventory 20 units @ $19 per unit Purchases 7 70 units @ $20 per unit Jul Jul Sales Sales 8 50 units 25 units Jul 50 units @ $22 per unit Jul 10 Purchases Sales 40 units Jul 22 33. The cost of goods sold for the July 8 sale was (a) $950. (b) $980. (c) $989. (d) $1,000. 34. The cost of goods sold for the July 9 sale was (a) $475 (b) $480. (c) $495. (d) $500. 35. Total cost of goods sold for the month of July is (a) $2.330 (b) $2,530. (c) $2.830. (d) $2,880 36. Ending inventory at July 31 is (a) $2,330. (b) $720. (c) $680. (d) $550