A company's inventory records indicate the following data for the month of April: Date Activities April 1 Beginning inventory April 7 Purchase April 11 Sale April 16 April 22 Purchase Sale Units Acquired at Cost 760 units @ $36 = $27,360 640 units @ $40 = $25,600 Units Sold at Retail 1,120 units @ $110 560 units @ $44 = $24,640 400 units @ $110 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending inventory co of 260 units from the April 16 purchase, 80 units from the April 7 purchase, and 100 units from beginning inventory. Multiple Choice $29,900. $21,960.