Activities Beginning inventory Purchase Units Acquired at Cost 870 units @ $36 = $31,320 750 units @ $40 = $30,000 Date April 1 April 7 April 11 Sale April 16 Purchase April 22 Sale Units Sold at Retail 1,340 units @ $110 670 units @ $44 = $29,480 400 units @ $110 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification metho inventory consists of 370 units from the April 16 purchase, 80 units from the April 7 purchase, and 100 units from beginning inventory.