Required information (The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product. Units Sold at Retail Units Acquired at Cost 285 units @ $13.40 - $ 3,819 250 units e $43.40 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Totals 470 units @ $18.40 - 485 units @ $23.40 - 8,648 11,349 400 units e $43.40 460 units @ $43.40 185 units @ $28.40 - 1,425 units 5,254 $ 29,070 1,110 units Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 45 units from the March 14 purchase, 85 units from the July 30 purchase, and all 185 units from the October 26 purchase. Using the specific identification method, calculate the following a) Cost of Goods Sold using Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Inventory Unit Cost Inventory Ending Date Activity Unit Cost Units its Units Sold Unit Cost COGS Units Cost Jan. 1 Beginning Inventory 285 $ Mar. 14 Purchase 470 485 0.00 0.00 0.00 0.00 July 30 Oct. 26 $ 0.00 $ of $ 1 $ 0. 00 0 $ $ 0.00 0f $ $ 0. 00 0 $ 0500 Purchase Purchase 1.425 by Gross Margin using Specific Identification Equals