Check my work Required information Use the following Information for the Exercises 8-10 below. (Algo) (The following information applies to the questions displayed below.) Hemming Company reported the following current-year purchases and sales for its only product. Units Acquired at Cost 255 units @ $12.20 = Units Sold at Retail S 3,111 210 units @ $42.20 Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 410 units @ $17.20 = 7. 052 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 350 units @ $42.20 455 units $22.20 = 10, 101 430 units @ $42.20 155 units 1, 275 units @ $27.20 4. 216 S 24, 480 990 units cise 6-8 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 ired: ming uses a perpetual inventory system.