Question 10 (1 point) Orange-Aide Company has the following inventory data: July 1 Beginning inventory 40 units at $20 $ 800 7 Purchases 140 units at $21 2.940 22 Purchases 20 units at $22 54,180 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 440 $1,070 $1,045 $1,050 $1,100