Hemming Company reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units sold at Retail January 1 Beginning inventory 200 units @ $10 $ 2,800 January 10 Sales 150 units @ $40 March 14 Purchase 350 units @ $15 5,250 March 15 Sales July 30 Purchase 300 units @ $40 450 units October 5 @ $20 9,000 Sales 430 units October 26 Purchase @ $40 100 units @ $25 2.500 Totals 1,100 units $ 18,750 880 units Ending inventory consists of 45 units from the March 14 purchase. 75 units from the July 30 purchase, and all 100 units from the October 26 purchase. Using the specific identification method, calculate the following. Ending inventory consists of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 100 units from the October 26 purchase. Using the specific identification method, calculate the following a) Cost of Goods Sold using Specific Identification Available for Sale Date Activity of units Cost Per Unit GA $ January 1 March 14 July 30 October 26 Beginning Inventory Purchase Purchase Purchase 200 350 450 100 1.100 Cost of Goods Sold Ending Inventory # of Ending Cost Per units Ending COGS Cost Per Inventory Unit sold Inventory Units Unit Cost 0.00 $ 0 0.00 $ 0 $ 0.00 0 $ 0.00 0 $ 0.00 0 $ 0.00 0 $ 0.00 0 0.00 0 0 $ 0 0 $ 0 $ $ b) Gross Margin using Specific Identification Less Ful