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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
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 Activities Multiple Choice $28,460. $45,650 Units Acquired at Cost 890 units @ $36 = $32,040 770 units @ $40 $30,800 $28,980. S 690 units @ $44 = $30,360 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification methoc 390 units from the April 16 purchase, 80 units from the April 7 purchase, and 100 units from beginning inventory. D Units Sold at Retail 1,380 units @ $110 400 units @ $110
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