Required information Use the following information for the Exercises 8-10 below. (Algo) [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 Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Totals Units Acquired at Cost 210 units @ $10.40 = $ 2,184 Units Sold at Retail 170 units @ $40.40 310 units @ $15.40 = 4,774 270 units @ $40.40 410 units @ $20.40 = 8,364 380 units @ $40.40 820 units 110 units @ $25.40 = 2,794 $18,116 1,040 units