View Policies Current Attempt in Progress Coronado has the following inventory information July 1 Beginning inventory 20 units at $19 $380 7 Purchases 70 units at $19 1330 22 Purchases 20 units at $18 360 $2070 A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods told for July is $1368 $1419 $1310 O $1330 721 2:20 PM