Check my 4 ! Required information (The following information applies to the questions displayed below.] Part 2 of 2 Hemming Co. reported the following current-year purchases and sales for its only product. Units Sold at Retail 1 points Units Acquired at Cost 250 units @ $12.00 $ 3,000 200 units @ $42.00 400 units @ $17.00 Date Activities Jan. 1 Beginning inventory Jan.10 Sales Mar.14 Purchase Mar.15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase 6,800 360 units @ $42.00 450 units @ $22.00 9,900 eBook 420 units @ $42.00 150 units @ $27.00 Hint 4,050 $23,750 Totals 1,250 units 980 units Print References Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 150 units from the October 26 purchase. Using the specific identification method, calculate the following. Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 150 units from the October 26 purchase. Using the specific identification method, calculate the following. of 2 a) Cost of Goods Sold using Specific Identification Available for Sale Cost of Goods Sold Date Ending Inventory Ending Ending Inventory Unit Cost Inventory Units Cost Activity Unit Cost Units Units Sold Unit Cost COGS Jan. 1 Beginning Inventory 250 ook Mar. 14 Purchase 400 int July 30 Purchase 450 Oct. 26 Purchase 150 int 1,250 ences b) Gross Margin using Specific Identification Less: Equals