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Help with home work please Required information [The following information applies to the questions displayed below] Hemming Company reported the following current-year purchases and sales
Help with home work please
Required information [The following information applies to the questions displayed below] Hemming Company reported the following current-year purchases and sales for its only product January 1 January 10 March 14 March IS July 30 October 5 October 26 Beginning inventory Sales Purchase Sales purchase Sales Purchase Totals 225 units units 425 units 125 units I, 115 units $11. $16. @ $26. $ 2,475 $21. $ 20,90 5 440 8,925 3, 25 15 units 3 units 395 units 845 units @ $41. @ $41. @ $41. Ending inventory consists of 65 units from the March 14 purchase. 80 units from the July 30 purchase, and all 125 units from the October 26 purchase. Using the specific identification method, calculate the following. Ending inventory consists of 65 units from the March 14 purchase. 80 units from the July 30 purchase. and all 125 units from the October 26 purchase. Using the specific identification method, calculate the following. Available 101 Sale Cost 01 Goods Sold ot units Cost Per Cost 01 s Sold Endinq Inventory Ending Invento Cost Per Unit January 1 March 14 July 30 October 26 a Less: Equals: Activity Beginning Inventory purchase Purchase Purchase n usin S Cost per # ot units 225 340 425 125 1.115 ndinq Inventory tifi
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