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Hempstead Company has the following data for 2019: Item Units Cost Inventory, 12/31/2018 990 $10,890 Purchases 4,510 49,610 Inventory, 12/31/2019 720 7,800 Required: 1. How

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Hempstead Company has the following data for 2019: Item Units Cost Inventory, 12/31/2018 990 $10,890 Purchases 4,510 49,610 Inventory, 12/31/2019 720 7,800 Required: 1. How many units were sold? 11 x units 2. Using the cost of goods sold model, determine the cost of goods sold. 52,580 x s

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