Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10, March 14 March 15 July 30 October 5 October 26 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 260 units Units Acquired at Cost $12.40- Units Sold at Retail $ 3,224 215 units @ $42.40 420 units $17.40- 7,308 380 units @ $42.40 460 units $22.40 10,304 425 units $42.40 160 units 1,300 units $27.40- 4,384 $ 25,220 1,020 units