A company's inventory records indicate the following data for the month of April: Date Activities Units Acquired at Cost Units Sold at Retail April 1 Beginning inventory 700 units @ $36 = $25,200 April 7 Purchase 580 units @ $40 = $23,200 April 11 Sale 1,000 units @ $110 April 16 Purchase 500 units @ $44 = $22,000 April 22 Sale 400 units @ $110 April 29 Purchase 480 units @ $50 = $24,000 If the company uses the first-in, first-out (FIFO) method and the perpetual inventory system, what would be the cost of the ending inventory? Multiple Choice $38,480. $33,300. $35,922. $40,720 $53,680.