(Solution Download) cost of goods sold

Unitech has the following inventory information.

July


1





Beginning Inventory


20 units at $19





$380



7





Purchases


70 units at $20





1,400



22





Purchases


10 units at $22





220















$2,000


A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the FIFO inventory method, the amount alloca...