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. DateActivities Jan. 1 Beginning Jan.10 Sales Mar.14 Purchase Mar.15 Sales July30 Purchase Oct. 5 Sales Oct.26 Purchase Units Acquired at Cost Units Sold at Retail 285 units@ $13.40 3,819 470 unitse $18.40 8,648 485 unitse $23.40 11460unitse $43.40 185 units@ $28.40= 5?54 250 unitse $43.40 400 unitse $43.40 Totals 1,425 units $29,070 1,110 units Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 45 units from the March 14 purchase, 85 units from the July 30 purchase, and all 185 units from the October 26 purchase. Using the specific identification method, calculate the following