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 Activities Beginning inventory Units Acquired at Cost 245 units @ $11.80= Units Sold at Retail $ 2,891 Sales 190 units @ $41.80 March 14 March 15 July 30 October 5 October 26 Purchase Sales Purchase Sales Purchase Totals 390 units @ $16.80 6,552 350 units @ $41.80 445 units @ $21.80 = 9,701 430 units @ $41.80 145 units 1,225 units @ $26.80 = 3,886 $ 23,030 970 units