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 225 units @ $11.00 = $ 2,475 January 10 Sales 150 units @ $41.00 March 14 Purchase 340 units @ $16.00 = 5,440 March 15 Sales 300 units @ $41.00 July 30 Purchase 425 units @ $21.00 = 8,925 October 5 Sales 395 units @ $41.00 October 26 Purchase 125 units @ $26.00 = 3,250 Totals 1,115 units $ 20,090 845 units Required: Hemming uses a perpetual inventory system. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. De