A company's inventory records indicate the following data for the month of April: Units Sold at Retai Units Acquired at Cost 740 units @ $36 = $26,640 620 units @ $40 = $24,800 Date April 1 April 7 April 11 April 16 April 22 April 29 Activities Beginning inventory Purchase Sale Purchase Sale Purchase 1,080 units $110 540 units @ $44 = $23,760 400 units @ $110 520 units @ $50 = $26,000 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending inventory consists of 290 units from the April 29 purchase, 240 units from the April 16 purchase, 250 units from the April 7 purchase, and 100 units from beginning inventory. Multiple Choice $38,660. $62,160. $70,740. $44,480. $47,200