[The following information applies to the questions displayed below] Hemming Company reported the following current-year purchases and sales for its only product. 1 of 2 Date Activities January 1 January 10 March 14 Beginning inventory Sales March 15 July 30 Purchase Sales Purchase Sales October 5 October 26 Purchase Totals Units Acquired at Cost 205 units $10.20 - Units Sold at Retail $ 2,091 160 units $40.20 300 units $15.20- 4,560 250 units $40.20 400 units $20.20- 5,000 375 units $40.20 105 units 1,010 units $25.20 2,646 $ 17,377 785 units Ending inventory consists of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 105 units from the October 26 purchase. Using the specific identification method, calculate the following. Answer is not complete. a) Cost of Goods Sold using Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Date Cost #of Cost Per Activity # of units Per units COGS Unit Unit sold Ending Inventory Units Cost Per Unit Ending Inventory Cost January 1 Beginning Inventory 205 $ 10.20 205 $ 10.20 S 2,091 $ 10.20 0 March 14 Purchase 300 $ 15.20 1605 15.20 2.432 S 15.20 0 July 301 Purchase 400 $20 20 S 20.20 0 S 20.20 0 October 26 Purchase 105 $ 25.201 S 25.20 5 25.20 O 1,010 365 195 $ 4.523 0 D b) Gross Margin using Specific Identification Less Equals