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04 A company's inventory records indicate the following data for the month of April: Date April 1 April 7 April 11 April 16 April 22
04 A company's inventory records indicate the following data for the month of April: Date April 1 April 7 April 11 April 16 April 22 Beginning inventory Purchase Sale Purchase Sale Multiple Choice Activities $13,800. $3,800. $10,180. Units Acquired at Cost 175 units @ $36 $6,300 145 units @ $40 = $5,800 = 125 units @ $44 = 100 units @ $110 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification me inventory consists of 25 units from the April 16 purchase, 45 units from the April 7 purchase, and 25 units from beginning inventory. $5,500 Units Sold at Retail 250 units @ $110
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