Windsor, Inc. has the following inventory data: July 1 Beginning inventory 40 units at $16 $640 7 Purchases 100 units at $17 1700 22 Purchases 20 units at $19 380 $2720 A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the average cost method, the value of ending inventory is

$776.

$856.

$832.

$816.