Applying the Cost of Goods Sold Model Hempstead Company has the following data:

Applying the Cost of Goods Sold Model Hempstead Company has the following data: Item Units Cost Inventory, January 1 940 $10,890 Purchases 4,510 49,610 Inventory, December 31 720 7,830 Required: 1. How many units were sold? 220 X units 2. Using the cost of goods sold model, determine the cost of goods sold