[The following information applies to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product. Date January 1 January 10 March 14 Activities Beginning inventory Sales March 15 July 30 October 5 October 26 Purchase Sales Purchase Sales Purchase Totals 255 units Units Acquired at Cost @ $12.20 Units Sold at Retail = $ 3,111 210 units @ $42.20 410 units @ $17.20 = 7,052 350 units @ $42.20 455 units $22.20 = 10,101 430 units @ $42.20 155 units 1,275 units @ $27.20 = 4,216 $ 24,480 990 units