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2 points eBook Hint Print References ! Required information Use the following information for the Exercises 8-10 below. (Algo) [The following information applies to the
2 points eBook Hint Print References ! 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. Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 Activities Beginning inventory Sales. Purchase Sales Purchase Sales Purchase Totals Units Acquired at Cost 260 units @ $12.40 = @ $17.40 = 420 units a) Cost of Goods Sold using Specific Identification 460 units 160 units 1,300 units Exercise 5-9 (Algo) Specific identification LO P1 @ $22.40 = @ $27.40 = $ 3,224 7,308 10,304 4,384 $ 25,220 Units Sold at Retail 215 units 380 units 425 units 1,020 units @ $42.40 @ $42.40 @ $42.40 Ending inventory consists of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 160 units from the October 26 purchase. Using the specific identification method, calculate the following. Required information Use the following information for the Exercises 8 -10 below. (Algo) [The following information applies fo the questionis disployod below] Hemming Company reported the following current year purchases and soles for its only product. Exercise 5.9 (Algo) Specific identification Lo P1 Ending inventory consists of 45 units from the March 14 purchase. 75 units from the July 30 purchase, and all 160 units from the October 26 purchaso. Using the specific identfication method, calculate the following
2 points eBook Hint Print References ! 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. Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 Activities Beginning inventory Sales. Purchase Sales Purchase Sales Purchase Totals Units Acquired at Cost 260 units @ $12.40 = @ $17.40 = 420 units a) Cost of Goods Sold using Specific Identification 460 units 160 units 1,300 units Exercise 5-9 (Algo) Specific identification LO P1 @ $22.40 = @ $27.40 = $ 3,224 7,308 10,304 4,384 $ 25,220 Units Sold at Retail 215 units 380 units 425 units 1,020 units @ $42.40 @ $42.40 @ $42.40 Ending inventory consists of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 160 units from the October 26 purchase. Using the specific identification method, calculate the following.
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