Vaughn has the following inventory information July $380 Beginning 1 Inventory 7 Purchases 20 units at $19 70 units at $20 15 units at $25 1400 22 Purchases 375 $2155 A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the LIFO inventory method the amount allocated to cost of goods sold for July is O $1325. O $1375 O $1332 $1351