2 Part 2 Required information (The following information applies to the questions displayed below) Hemming Company reported the following current year purchases and sales for its only product. 167 cons Date January 1 January 10 Activities teginning inventory 225 units Sales March 14 March 15 July October 5 October 261 Purchase Sales 340 units Purchase Sales 425 units Purchase Totals 125 units 1.115 units Units Acquired at Cost $11.00- $16.00 $21.00 $20.00- Units Seld at Betast $ 2,475 150 units $41.00 5,440 300 units $41.00 8,925 395 units $41.00 3,250 $ 20,090 845 units Ending Inventory consists of 65 units from the March 14 purchase, 80 units from the July 30 purchase, and all 125 units from the October 26 purchase. Using the specific identification method, calculate the following aj Cost of Goods Sold using Specific Identification Avaliable for Sale Dute Activity Cost Per Unit sold Cost of Goods Sold Cost Par Unit COOS Ending Inventory Unite January 1 Beginning Inventory 225 March 14 Purchase 340 July 30 Purchase 425) October 201 Purchase 125 1,135 B) Gross Margin using Specific identification Less Equas Ending Inventory Cost Per Unit Ending Inventory Cost