Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 Activities Beginning inventory March 14 March 15 July 30 Sales Purchase Sales October 5 October 26 Purchase Sales Purchase Totals Units Acquired at Cost 275 units @ $13.00 = Units Sold at Retail $ 3,575 230 units @ $43.00 450 units @ $18.00 = 475 units 175 units 1,375 units @ $23.00 = @ $28.00 = 8,100 10,925 400 units @ $43.00 455 units @ $43.00 4,900 $ 27,500 1,085 units Ending inventory consists of 45 units from the March 14 purchase, 70 units from the July 30 purchase, and all 175 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 January 1 Beginning Inventory March 14 Purchase July 30 Purchase October 26 Purchase b) Gross Margin using Specific Identification Less: Equals: Cost of Goods Sold Ending Inventory Cost Per # of units Cost Per # of units Unit sold Unit Cost of Goods Sold Ending Inventory Units Ending Inventory Cost Per Unit Cost 275 $ 0.00 $ 0 $ 0.00 $ 0 450 $ 0.00 0 EA $ 0.00 0 475 $ 0.00 0 $ 0.00 0 175 0.00 0 EA 0.00 0 1,375 0 0 0