A company's inventory records indicate the following data for the month of April: Units Sold at Retail Units Acquired at Cost 800 units @ $36 = $28,800 680 units @ $40 = $27,200 Date April 1 April 7 April 11 April 16 April 22 April 29 Activities Beginning inventory Purchase Sale Purchase Sale Purchase 1,200 units @ $110 600 units @ $44 = $26,400 400 units @ $110 580 units @ $50 = $29,000 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method. Ending inventory consists of 350 units from the April 29 purchase, 300 units from the April 16 purchase, 310 units from the April 7 purchase, and 100 units from beginning inventory. Multiple Choice $46,700. $56,920. $53,480 $74,880