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The following information applies to the questions displayed below.] Hemming Co. reported the following current-year purchases and sales for its only product Jan. 1 Beginning

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The following information applies to the questions displayed below.] Hemming Co. reported the following current-year purchases and sales for its only product Jan. 1 Beginning inventory Jan.10 Sales Mar.14 Purchase Mar.15 Sales July30 Purchase Oct.5 Sales Oct.26 Purchase 300 units $14.004,200 520 units$19.009,880 500 units$24.0012,000 200 units $29.005, 800 250 units $44.00 460 units $44.00 480 units $44.00 1,520 units $31,880 1,190 units Totals emming Co. reported the following current-year purchases and sales for its only product re 09 Jan. 1 Beginning inventory Jan. 10 Sales Mar.14 Purchase Mar.15 Sales July30 Purchase Oct. 5 Sales Oct. 26 Purchase 260 units @ $12.40 = $ 3,224 420 units @ $17. 40-7, 308 460 units @ $22.40 = 10,304 160 units @ $27.40 = 4,384 215 units $42.40 380 units $42.40 425 units $42.40 Totals 1,300 units $25, 220 1,020 units The following information applies to the questions displayed below.] Hemming Co. reported the following current-year purchases and sales for its only product Jan. 1 Beginning inventory Jan.10 Sales Mar.14 Purchase Mar.15 Sales July30 Purchase Oct.5 Sales Oct.26 Purchase 300 units $14.004,200 520 units$19.009,880 500 units$24.0012,000 200 units $29.005, 800 250 units $44.00 460 units $44.00 480 units $44.00 1,520 units $31,880 1,190 units Totals emming Co. reported the following current-year purchases and sales for its only product re 09 Jan. 1 Beginning inventory Jan. 10 Sales Mar.14 Purchase Mar.15 Sales July30 Purchase Oct. 5 Sales Oct. 26 Purchase 260 units @ $12.40 = $ 3,224 420 units @ $17. 40-7, 308 460 units @ $22.40 = 10,304 160 units @ $27.40 = 4,384 215 units $42.40 380 units $42.40 425 units $42.40 Totals 1,300 units $25, 220 1,020 units

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