Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 3 March 14 March 15 July 30 October 5 October 26 Sales Purchase Sales Purchase Sales Activities Beginning inventory Units Acquired at Cost 205 units @ $10.20 = Units Sold at Retail $ 2,091 160 units @ $40.20 300 units @ $15.20 = 4,560 250 units @ $40.20 400 units @ $20.20 8,080 375 units @ $40.20 Purchase Totals 105 units 1,010 units @ $25.20 = 2,646 $ 17,377 785 units H Ending inventory consists of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 105 units from the October 26 purchase. Using the specific identification method, calculate the following. es a) Cost of Goods Sold using Specific Identification Available for Sale Cost of Goods Sold Ending Inventory + Date Cost Per # of units Cost Per Activity # of units COGS Unit sold Unit Ending Inventory Units Cost Per Unit Ending Inventory Cost January 1 Beginning Inventory 205 $ 0.00 $ 0 $ 0.00 $ 0 March 14 Purchase 300 $ 0.00 0 $ 0.00 0 July 30 Purchase 400 $ 0.00 0 $ 0.00 0 October 26 Purchase 105 $ 0.00 0 $ 0.00 0 1,010 0 $ 0 0 $ 0 b) Gross Margin using Specific Identification Less: Equals: Che