$(1)$

Required information

Use the following information for the Exercises $8-10$ below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Hemming Company reported the following current$-$year purchases and sales for its only product.

$\backslash$table$[[$Date$,$Activities,Units,Acquired at$,cost,,$Units Sold at$,$Retall$],[$January $1,$Beginning inventory,$230$ units,$($ $$11\mathrm{.}20,=,$$$2,576,,],[$January $10,$Sales,,,,,$160$ units,$($ $$41\mathrm{.}20$