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! Required information [The following information applies to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only

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! Required information [The following information applies to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals Units Acquired at Cost 235 units @ $11.40 = Units Sold at Retail $ 2,679 170 units @ $41.40 360 units @ $16.40 = 5,904 290 units @ $41.40 435 units @ $21.40 9,309 410 units @ $41.40 135 units @ $26.40 3,564 1,165 units $ 21,456 870 units

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