[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 January 1 Beginning inventory Units Sold at Retail 220 units @$10.00- $ 2,376 January 10 Sales 190 units March 14 $40.80 March 15 July 30 October 5 Purchase Sales Purchase 330 units @$15.80 - 5,214 280 units) $40.80 October 26 Sales Purchase Totals 420 units 120 units 1,090 units. $20.00 - 8,736 390 units $40.80 @$25.80- 3,096 $ 19,422 860 units Ending inventory consists of 40 units from the March 14 purchase, 70 units from the July 30 purchase, and all 120 units from the October 26 purchase. Using the specific identification method, calculate the following a) 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 Cost Per COGS soldi Unit Ending Inventory Cost Per Unit Ending Inventory Cost Units January 1 Beginning Inventory 220 $ 0.00 $ $ 0.00 $ March 14 Purchase 330 $ 0.00 0 $ 000 July 301 Purchase 420 $ 0.00 0 $ 0.00 October 26 Purchase 120 $ 0.00 0 $ 0.00 1,090 0 S 0 $ 0 b) Gross Margin using Specific Identification Less Equals