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Required information Hemming Co. reported the following current-year purchases and sales for its only product its Acquired at Cost an. 1 Beginning inventory Jan. 10
Required information Hemming Co. reported the following current-year purchases and sales for its only product its Acquired at Cost an. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales Duly 30 Purchase Oct. 5 Sales Oct. 26 Purchase 150 units g s40 350 units @ $15 5,258 430 units @ $40 100 units 1,100 units $252,500 Totals $18,750 880 units Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up 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
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