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 730 units April 7 Purchase 610 units $36 = $26,280 $40 = $24,400 April 11 Sale 1,060 units @ $110 April 16 April 22 Purchase Sale 530 units $44 = $23,320 400 units @ $110 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending inventory consists of 230 units from the April 16 purchase, 80 units from the April 7 purchase, and 100 units from beginning inventory. Multiple Choice $20,460. $20,980. $32,850