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A company's inventory records indicate the following data for the month of April: ...

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Accounting

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.

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