Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 65 units from the March 14 purchase, 95 units from the July 30 purchase, and all 135 units from the October 26 purchase. Using the specific identification method, calculate the following.

! Required information [The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 235 units @ $11.40 = $ 2,679 Jan. 10 Sales 170 units @ $41.40 Mar.14 Purchase 360 units & $16.40 = 5,904 Mar.15 Sales 290 units @ $41.40 July 30 Purchase 435 units @ $21.40 - 9,309 Oct. 5 Sales 410 units @ $41.40 Oct. 26 Purchase 135 units @ $26.40 = 3,564 Totals 1,165 units $21,456 870 units Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 65 units from the March 14 purchase, 95 units from the July 30 purchase, and all 135 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 Units Unit Cost 235 Jan. 1 Mar. 14 July 30 Oct. 26 360 Cost of Goods Sold Ending Inventory Units Ending Ending Sold Unit Cost COGS Inventory Unit Cost Inventory Units Cost $ 0.00 $ 0 $ 0.00 $ $ 0.00 0 $ 0.00 $ 0.00 0 $ 0.00 0 S 0.00 0 $ 0.00 0 0 $ 0 0 $ 0 Beginning Inventory Purchase Purchase Purchase Ooo 435 135 1,165 b) Gross Margin using Specific Identification Less: Equals: Required information [The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 235 units & $11.40 = $ 2,679 Jan. 10 Sales 170 units @ $41.40 Mar. 14 Purchase 360 units @ $16.40 5,904 Mar.15 Sales 290 units @ $41.40 July 30 Purchase 435 units @ $21.40 9,309 410 units @ $41.40 135 units @ $26.40 3,564 Totals 1,165 units $21,456 870 units Oct. 5 Sales Oct. 26 Purchase Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 65 units from the March 14 purchase, 95 units from the July 30 purchase, and all 135 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 Cost of Goods Sold Date Unit Cost Units Sold Unit Cost COGS $ $ 0.00 0.00 Ending Inventory Ending Ending Inventory Unit Cost Inventory Units Cost 0 $ 0.00 $ 0 0 $ 0.00 0 0 $ 0.00 0 0 S 0.00 0 0 0 $ 0 $ July 30 Activity Units Beginning inventory Jan. 1 235 Cost of goods sold Mar. 14 360 Ending inventory 435 Oct. 26 Gross margin 135 Purchases 1,165 b) Gross Merry Sales ycation $ 0.00 S 0.00 0 $ Less: Equals: Required information (The following information applies to the questions displayed below.] Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 235 units @ $11.40 = $ 2,679 Jan. 10 Sales 170 units @ $41.40 Mar. 14 Purchase 360 units @ $16.40 = 5,904 Mar.15 Sales 290 units @ $41.40 July 30 Purchase 435 units @ $21.40 = 9,309 Oct. 5 Sales 410 units @ $41.40 Oct. 26 Purchase 135 units @ $26.40 3,564 Totals 1,165 units $21,456 870 units Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 65 units from the March 14 purchase, 95 units from the July 30 purchase, and all 135 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 Unit Activity Units Cost Cost of Goods Sold Units Sold Unit Cost COGS Ending Inventory Ending Ending Inventory Unit Cost Inventory Units Cost 0 $ 0.00 $ 0 $ 0.00 0 Jan. 1 $ $ 235 360 0.00 0.00 $ Mar. 14 July 30 Oct. 26 435 $ 0.00 0 $ 0.00 Beginning inventory Cost of goods sold Ending inventory Gross margin Purchases Sales ololololo $ 135 $ 0.00 0 0.00 1,165 0 $ 0 0 $ b) Gross M ation Less: Equals: Required information (The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product. Units sold at Retail Units Acquired at Cost 235 units @ $11.40 = $ 2,679 360 units & $16.40 = 5,904 170 units @ $41.40 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar.14 Purchase Mar.15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Totals 290 units @ $41.40 435 units @ $21.40 = 9,309 410 units @ $41.40 135 units @ $26.40 1,165 units 3,564 $21,456 870 units Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 65 units from the March 14 purchase, 95 units from the July 30 purchase, and all 135 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 Units Unit Cost 235 Cost of Goods Sold Ending Inventory Units Ending Ending Sold Unit Cost COGS Inventory Unit Cost Inventory Units 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 $ 360 Jan. 1 Beginning Inventory Mar. 14 Beginning inventory July 30 Cost of goods sold Oct. 26 Ending inventory Gross margin b) Gross M Purchases 435 un 135 1,165 ation Sales Less: Equals