A company had the following purchases during its first year of operations: Purchases 10 units at $120 January February: 20 units at $130 15 units at $140 12 units at $150 10 units at $160 May: September November: On December 31, there were 26units remaining in ending inventory, These 26 units consisted of 2 from January, 4 from February, 6 from May, 4 from September and 10 from November. Using the specific identification method, what is the cost of the ending inventory? Multiple Choice $3,500 $3,800. $3,960. $3,280 $3,640