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 Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 200 units @ $10 = $ 2,000 Jan. 18 Sales 150 units @ $40 Mar. 14 Purchase 358 units @ $15 5,250 Mar.15 Sales 300 units @ $40 July38 Purchase 450 units @ $20 9,000 Oct. 5 Sales 430 units @ $40 Oct. 26 Purchase 100 units @ $25 2.500 Totals 1, 100 units $18,750 880 units Required: Hemming uses a perpetual inventory system assume that ending inventory is made up of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 100 units from the October 26 purchase. Using the specific identification method, calculate the following