Check my work Date The following information applies to the questions displayed below! Hemming Company reported the following current year purchases and sales for its only product Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 280 units $13.20 = 53,696 January 10 Sales 240 units $43.20 March 14 Purchase 460 units $18.20 8,372 March 15 Sales 410 units 543.20 July 30 Purchase 480 units $23.20 11, 136 October 5 Sales 450 units $43.20 October 26 Purchase 180 units $28.20 - 5,076 Totals 1,400 units 5.28.280 1,100 units Ending inventory consists of 40 units from the March 14 purchase, 80 units from the July 30 purchase, and all 180 units from the October 26 purchase. Using the specific identification method, calculate the following a) Cost of Goods Sold Using Specific Identification Available for sale Cost of Goods Sold Ending Inventory Date Activity Cost Per W of units Ending w of units Cost Per Unit sold Unit COGS Ending Inventory Inventory Cost Per Unit Units Cost January 1 Beginning Inventory 2001 s 13.20 5 13205 0 $ 13.20 $ 0 March 14 Purchase 400 $18.20 10$ 18.20 720 18.20 0 July 30 Purchase 4801 323.20 $ 23 20 0 5 23 20 0 October 20 Purchase 1807 5 28:20 $ 28.20 0 5 20.20 0 1.400 40 $ 728 0 5 0 b) Gross Margin using Specific identification Less Equals