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 Date Activities Beginning Jan. 1 inventory Jan. 10 Sales Mar. 14 Purchase Mar.15 Sales July30 Purchase Oct. 5 Sales Oct.26 Purchase Totals Units Acquired at Cost Units Sold at Retail 215 units@ $10.60 = $ 2,279 180 units@ $40.60 320 units@ $15.60 = 4,992 260 units@ $40.60 415 units@ $20.60 = 8,549 400 units@ $40.60 115 units@ $25.60 = 2,944 1,065 units $18,764 840 units Required: Hemming uses a perpetual inventory system. 1 of 3 !! Next > arch o to Required information Perpetual FIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Date Inventory Balance # of units Cost per Inventory unit Balance 215 @ $ 10.60 = 5 2,279.00 January 1 January 10 March 14 March 15 July 30 OV 1 of 3 Next > search October 5 October 26 Totals $ 0.00 Required 2 > Prev 1 of 3 ! Next > o 0 search hp Required information Perpetual UFO: Goods Purchased #of Cost per units unit Date Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per Inventory Balance 215 @ S 10.60 = 5 2 279.00 Book January 1 Hint January 10 rences March 14 March 15 July 30 Inrtohar rev 1 of 3 !!! Next > e to search 00 e