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 @ $36 = $26,280
April 7	Purchase	610 units @ $40 = $24,400
April 11	Sale		1,060 units @ $110
April 16	Purchase	530 units @ $44 = $23,320
April 22	Sale		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.

$27,920.

$16,920.

$20,460.

$20,980.

$32,850.