2 Required information of 3 Use the following information for the Exercises below. [The following information applies to the questions displayed below Hemming Co. reported the following current-year purchases and sales for its only product Date Activities Units Acquired at Cost ped Units Sold at Retail Jan. 1 Beginning inventory Jan.10 Sales 265 units@ $12.60 $3,339 225 units@ $42.60 Mar.14 Purchase Mar.15 Sales 430 units@ $17.60 7,568 t 370 units@ $42.60 July30 Purchase Oct. 5 Sales 465 units@ $22.60 10,509 t 440 units@ $42.60 Oct.26 Purchase 165 units@ $27.60= nces 4,554 Totals 1,325 units $25,970 1,035 units Exercise 6-7 Perpetual: Inventory costing methods-FI FO and LIFO LO P1 co 3 2 ation here to search DELL