Saved 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 Dite January 1 January 10 Activities Beginning inventory Sales March 14 Purchase March 15 July 30 October S October 26 1 Sales Purchase Sales Purchase Totals Units Acquired at Cost Units Sold at Retall 295 unit 8 $13.00- $4,071 240 units $41.00 480 units $18.80 9,024 420 units @$43.00 495 units $25,00 465 units $43.00 195 units 1,465 units $28.00 5,616 $30,492 1,125 units Hemming uses a periodic inventory system. Ending Inventory consists of 60 units from the March 14 purchase. 85 units from the July 30 purchase, and all 195 units from the October 26 purchase. Using the specific identification method, calculate the following Cost of Goods Sold using Specific identification Available for Sale Cost of Goods Sold Ending Inventory Date Activity of units Cost Per Unit of units sold Cost Per Unit COGS Ending Inventory Units Cost Per Unit Ending Inventory Cost January 1 March 14 Beginning Inventory 295 5 13.80 295 $ 13.80 $ 4071 $ Purchase 480 5 1880 480 S 18.80 9,024 60 S 13.80 $ 18.80 0 1,128 Help