Units Acquired at Cost 760 units @ $36 = $27,360 640 units @ $40 = $25,600 Date Apr. 1 Apr. 7 Apr. 11 Apr. 16 Apr. 22 Apr. 29 Activities Beginning inventory Purchase Sale Purchase Sale Purchase 560 units @ $44 = $24,640 540 units @ $58 = $27,000 The company uses a periodic inventory system. Determine the cost assigned to ending inventory using the specific identification method, Ending inventory consists of 310 units from the April 29 purchase, 260 units from the April 16 purchase, 270 units from the April 7 purchase, and 100 units from beginning inventory. Multiple Choice $50,440 $47,480 $41,340. $75,560. $66,400 Units Sold at Retail Units Acquired at Cost 760 units @ $36 = $27,360 640 units @ $40 = $25,600 1,120 units @ $110 560 units @ $44 = $24,640 400 units @ $110 540 units @ $50 = $27,000