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 850 units $36 = $30,600 April 7 Purchase 730 units @ $40 - $29,200 April 11 Sale 1,300 units e $110 April 16 Purchase 650 units & $44 - $28,600 April 22 Sale 400 units & $110 April 29 Purchase 630 units $50 - $31,500 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific Identification method. Ending inventory consists of 400 units from the April 29 purchase, 350 units from the April 16 purchase, 360 units from the April 7 purchase, and 100 units from beginning inventory Multiple Choice $85.480 $97.250 $65.020 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending inventory consists of 400 units from the April 29 purchase, 350 units from the April 16 purchase, 360 units from the April 7 purchase, and 100 units from beginning inventory Multiple Choice $85.480 $97.250 $65.020 $53.400 550.980