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 770 units @ $36 = $27,720 April 7 Purchase 650 units @ $40 = $26,000 April 11 Sale 1,140 units @ $110 April 16 Purchase 570 units @ $44 = $25,080 April 22 Sale 400 units @ $110 April 29 Purchase 550 units @ $50 = $27,500 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending inventory consists of 320 units from the April 29 purchase, 270 units from the April 16 purchase, 280 units from the April 7 purchase, and 100 units from beginning inventory.

Multiple Choice

$68,520.

$52,060.

$77,970.

$42,680.

$48,980.