Applying the Cost of Goods Sold Model Hempstead Company has the following data: Item Inventory, January 1 Purchases Inventory, December 31 Required: 1. How many units were sold? units Units 910 4,510 720 Cost $10,890 49,610 7,530 2. Using the cost of goods sold model, determine the cost of goods sold.

Applying the Cost of Goods Sold Model Hempstead Company has the following data: Required: 1. How many units were sold? units 2. Using the cost of goods sold model, determine the cost of goods sold