Required information Use the following information for the Exercises 8-10 below. (Algo) [The following information applies to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 Activities Beginning inventory Sales March 14 March 15 July 30 October 5 October 26 Purchase Sales Purchase Sales Purchase Totals Units Acquired at Cost 220 units @ $10.80 = Units Sold at Retail $ 2,376 190 units @ $40.80 330 units @ $15.80 = 5,214 280 units @ $40.80 420 units @ $20.80 8,736 390 units @ $40.80 120 units 1,090 units @ $25.80 3,096 $ 19,422 860 units