Use the following information for the Exercises 8-10 below. (Algo) [The following information applies to the...

Transcribed Image Text:

Use the following information for the Exercises 8-10 below. (Algo) [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 March 15 July 30 October 5 October 26 Sales Purchase Sales Purchase Sales Purchase Activities Beginning inventory 285 units Units Acquired at Cost $13.40- Units Sold at Retail $ 3,819 250 units e $43.40 470 units $18.40- 8,648 400 units $43.40 485 units $23.40- 11,349 460 units, $43.40 Totals 185 units 1,425 units $28.40 5,254 $ 29,070 1,110 units Use the following information for the Exercises 8-10 below. (Algo) [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 March 15 July 30 October 5 October 26 Sales Purchase Sales Purchase Sales Purchase Activities Beginning inventory 285 units Units Acquired at Cost $13.40- Units Sold at Retail $ 3,819 250 units e $43.40 470 units $18.40- 8,648 400 units $43.40 485 units $23.40- 11,349 460 units, $43.40 Totals 185 units 1,425 units $28.40 5,254 $ 29,070 1,110 units