Required information [The following information applies to Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at CostUnits Sold at Retail Jan. 1 Beginning inventory Jan. 10 Sales Mar.14 Purchase Mar.15 Sales July30 Purchase Oct. 5 Sales Oct.26 Purchase 210 units$10.402,184 310 units @ $15.40 4,774 410 units $20.408,364 110 units @ $25.40 = 2,794 170 units $40.40 270 units $40.40 380 units$40.40 Totals 1,040 units $18,116 820 units