Required information Use the following information for the Exercises 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 Activities Beginning inventory 210 units Units Acquired at Cost $10.40 = Units Sold at Retail. $ 2,184 January 10 Sales 170 units @$40.40 March 14 Purchase 310 units $15.40- 4,774 March 15 Sales 270 units @$40.40 July 30 October 5 October 26 Purchase Sales 410 units @$20.40 = 8,364 380 units @$40.40 Purchase Totals 110 units $25.40= 2,794 1,040 units $18,116 820 units) Exercise 5-10A (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1