Check Required information Use the following information for the Exercises 8-10 below. (Algo) [The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product Units Acquired at Cost 290 units @ $13.60 = $ 3,944 Units Sold at Retail 260 units @ $43.50 500 units $18.60 = 9,380 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 3e Purchase Oct. 5 Sales Oct. 26 Purchase Totals 438 units 543.60 490 units $23.60 = 11,564 470 units @ $43.60 190 units @ $28.50 1,470 units 5.434 $30, 242 1,160 units Exercise 5-9 (Algo) Specific identification LO P1 Hemming uses a periodic inventory system. Ending inventory consists of 40 units from the March 14 purchase 80 units from the July 30 purchase, and all 190 units from the October 26 purchase. Using the specific identification method, calculate the following a) Cost of Goods Sold using Specific Identification 3 Sunny