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 Purchase Sales Activities Beginning inventory Units Acquired at Cost 270 units @ $12.80 - Units Sold at Retail $ 3,456 220 units $42.80 400 units 470 units $17.80- $22.80- 7,120 340 units $42.80 10,716 440 units @$42.80 Purchase Totals 170 units- 1,310 units $27.80 4,726 $ 26,018 1,000 units Ending inventory consists of 55 units from the March 14 purchase, 85 units from the July 30 purchase, and all 170 units from the October 26 purchase. Using the specific identification method, calculate the following.