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 Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 290 units @ $13.60 - $ 3,944 January 10 Sales 260 units e $43.60 March 14 Purchase 500 units e $18.60 - 9,300 March 15 Sales 430 units @ $43.60 July 30 Purchase 490 units @ $23.60 = 11,564 October 5 Sales 470 units @ $43.60 October 26 Purchase 190 units @ $28.60 5.434 Totals 1,470 units $ 30,242 1,160 units Ending Inventory consists of 40 units from the March 14 purchase, 80 units from the July 30 purchase, and all 190 units from the October 26 purchase. Using the specific identification method, calculate the following. a) Cost of Goods Sold using Specific identification fe Ending Inventory front of Goods Sold $ 30,242 1.470 unita 1,160 units 18 Totals Part 2 of 2 Ending Inventory consists of 40 units from the March 14 purchase, 80 units from the July 30 purchase, and all 190 units from the October 26 purchase. Using the specific identification method, calculate the following 05 points Ending Inventory Cost of Goods Sold a) Cost of Goods Sold using Specific Identification Available for Sale Date Activity of units Cost Per Unit # of units sold Cost Per Unit COGS Ending Inventory Units Cost Per Unit Ending Inventory Cost B00 290 500 H January 1 March 14 July 30 October 26 Beginning Inventory Purchase Purchase Purchase Print 490 Rules 190 1,470 b) Gross Margin using Specific identification Less Equals