[The following information applies to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product.

Date	Activities	Units Acquired at Cost					Units Sold at Retail
January 1	Beginning inventory	290	units	@ $13.60	=	$ 3,944
January 10	Sales						260	units	@ $43.60
March 14	Purchase	500	units	@ $18.60	=	9,300
March 15	Sales						430	units	@ $43.60
July 30	Purchase	490	units	@ $23.60	=	11,564
October 5	Sales						470	units	@ $43.60
October 26	Purchase	190	units	@ $28.60	=	5,434
	Totals	1,470	units