The following information applies to the questions displayed belowU Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 190 units a $13.60 2,584 Jan. 10 Sales 180 units $43.60 Mar. 14 Purchase 340 units $18.60 6,324 Mar. 15 Sales 230 units $43.60 July 30 Purchase 490 units $23.60 11.564 Oct. 5 Sales 210 units a $43.60 Oct. 26 Purchase 690 units a $28.60 19734 Totals 1710 units $40,206 620 units Required: Hemming uses a perpetual inventory system. 1.66 points