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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.

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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 Sales Purchase Sales: Activities. Beginning inventory 265 units Units Acquired at Cost $12.60- Units Sold at Retail $3,339 225 units # $42.60 430 units $17.60 7,568 370 units $42.60 465 units $22.60- 10,509 440 units $42.60 165 units $27.60- 1,325 units 4,554 $ 25,970 1,035 units Purchase Sales Purchase Totals

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