Activities Beginning inventory Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 Units Acquired at Cost 200 units Units Sold at Retail @ $10 = $ 2,000 January 10 Sales 150 units @$40 March 14 Purchase 350 units @$15 = 5,250 March 15 Sales 300 units @ $40 July 30 Purchase 450 units @$20 9,000 October 5 Sales 430 units @ $40 October 26 Purchase 100 units @ $25 2,500 Totals 1,100 units $ 18,750 880 units