Required informatio Use the following information for the Exercises below [The following information applies to the questions displayed below.] Hemming Co. reported the following current-year purchases and sales for its only product. Date Jan. 1 Beginning inventory Jan.10 Sales Mar. 14 Purchase Mar.15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Activities Units Sold at Retail 240 units $43.80 420 units $43.80 465 units $43.80 Units Acquired at Cost 295 units $13.80$ 4,071 480 units @ $18.80 = 9,024 495 units @ $23.80 = 11,781 195 units $28.805,616 Totals 1,465 units $30,492 1,125 units