Orange-Aide Company has the following inventory data: 40 units at $20 140 units at $21 20 units at $22 $ 800 2,940 440 $4,180 July 1 7 22 A physical count of merchandise inventory on July 31 reveals that there are 50 units on hand. Using the average cost method, the value of ending inventory is $1,070 $1,045 $1,050 Beginning inventory Purchases Purchases O $1,100
