Chapter 5 Assignment Saved 5 Part 2 of 2 1 points Required information (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 Units Sold at Retail Jan. 1 Beginning inventory 295 units $13.80 - $ 4,071 Jan. 10 Sales 240 units @ $43.80 Mar. 14 Purchase 480 units @ $18.80 - 9,024 Mar.15 Sales 420 units @ $43.80 July 30 Purchase 495 units @ $23.80 11,781 Oct. 5 Sales 465 units @ $43.80 Oct.26 Purchase 195 units @ $28.80 - 5,616 Totals 1,465 units $30,492 1,125 units eBook Hint Print Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 60 units from the March 14 purchase units from the July 30 purchase, and all 195 units from the October 26 purchase. Using the specific identification method, calcu following References Chapter 5 Assignment Saved 5 0 Part 2 of 2 1 points Required information [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 Units Sold at Retail Jan. 1 Beginning inventory 295 units @ $13.88 - $ 4,071 Jan. 10 Sales 240 units @ $43.80 Mar. 14 Purchase 480 units @ $18.80 - 9,024 Mar.15 Sales 420 units @ $43.80 July30 Purchase 495 units @ $23.80 - 11,781 Oct. 5 Sales 465 units @ $43.80 Oct. 26 Purchase 195 units @ $28.80 = 5,616 Totals 1,465 units $30,492 1,125 units Book Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 60 units from the March 14 purchase, 85 units from the July 30 purchase, and all 195 units from the October 26 purchase. Using the specific identification method, calculate the following References