Pasquale Has the Following Inventory Information A Physical Count of Merchandise Inventory on July 31 Reveals

Pasquale has the following inventory information. $\begin{array}{rrrr}\text { July } 1&\text { Beginning Inventory }&20 \text { units at } \$ 19&\$380\\7 & \text { Purchases } & 70 \text { units at } \$ 20 & 1,400 \\22 & \text { Purchases } & 10 \text { units at } \$ 24 & 240\\&&&\$2,020\end{array}$ A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using a periodic inventory system and the LIFO inventory method, the amount allocated to cost of goods sold for July is

A) $1,390.
B) $1,414.
C) $1,470.
D) $1,440.