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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

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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.
\table[[Date,Activities,Units,quired at,Cost,,Units Sold at,Retail],[January 1,Beginning inventory,240 units,@ $11.60,=,$2,784,180 units,@ $41.60
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