Alpha Supply Company has the following inventory data:

$\backslash$table$[[$July $1,$Beginning inventory,$40$ units at $$20,$$$800$

July $7$ purchases $140$ units at $$21$

$2,940$

july $22$ purchases $20$ units at $$22$

$440$

Total: $4,180$

The company uses a periodic inventory system. 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 method is:

$1,070$

$1,045$

$1,050$

$1,100$