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 aninventory Jan.10 Sales Mar.14 Purchase Mar.15 Sales July38 Purchase Oct.s Sales Oct.26 Purchase Units Acquired at Cost Units Sold at Retail 3,224 Beginning 260units $12.40 215 units $42.40 420 units 17.48 7,308 380 units $42.40 460 units $22.40 10,384 425 units s42.40 160 units $27.40 4,384 Totals 1,300 units $25,220 1,020 units Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 160 units from the October 26 purchase. Using the specific identification method, calculate the following Cost of Goods Sold Ending Inventory Unit Units Unit Cost CoGs Ending Inventory Unit Cost Inventory Date Activity UnitsCost 12 40$ 17 40 14 Purchase My 30 |Puchase Oct 2 Purchase 420 $ 1 460 $ 22 160 $ 27 S 1240 S 1740 $ 22 40 s 2740 s 22 s 27 40 Equals