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. Ending inventory consists 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. b) Gross Margin using Spectic Identification Lesos