Activities Beginning inventory Sales March 15 July 30 October 5 October 26 Purchase Sales Purchase Sales Purchase Totals: Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 101 March 14 Units Acquired at Cost Units Sold at Retail 200 units $10 $ 2,000 150 units $40 350 units $15 5,250 300 units $40 450 units $20 9,000 430 units $40 100 units @ $25 2,500 1,100 units $ 18,750 880 units