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Time Remaining 58 minutes 24 seconds 00:58:24 Item 10 Time Remaining 58 minutes 24 seconds 00:58:24 A company's inventory records indicate the following data for

Time Remaining 58 minutes 24 seconds 00:58:24 Item 10 Time Remaining 58 minutes 24 seconds 00:58:24 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 760 units @ $36 = $27,360 April 7 Purchase 640 units @ $40 = $25,600 April 11 Sale 1,120 units @ $110 April 16 Purchase 560 units @ $44 = $24,640 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 260 units from the April 16 purchase, 80 units from the April 7 purchase, and 100 units from beginning inventory

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