Use these for the activity for B

Required information [The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product. Units Acquired at Cost 225 units @ $11.00 - $ 2,475 Units Sold at Retail 150 units @ $41.00 340 units @ $16.00 = 5,440 Date Activities Jan. 1 Beginning inventory Jan.10 Sales Mar.14 Purchase Mar.15 Sales July30 Purchase Oct. 5 Sales Oct. 26 Purchase 300 units @ $41.00 425 units @ $21.00 = 8,925 395 units @ $41.00 125 units @ $26.00 1,115 units 3,250 $20,090 Totals B45 units Required: Hemming uses a perpetual inventory system. Assume that ending inventory is made up of 65 units from the March 14 purchase, 80 units from the July 30 purchase, and all 125 units from the October 26 purchase. Using the specific identification method, calculate the following a) Costot Goods Sold using Specific Identification Available for Sale Date Activity Units Unit Cost Cost of Goods Sold Ending Inventory Units Ending Ending Sold Unit Cost COGS Inventory Unit Cost Inventory Unite Cost $ 0.00 $ 0 $ 0.00 $ Jan 1 225 Beginning Inventory Purchase 340 0.00 0 on $ Mar. 14 July 30 Oct. 26 $ $ Oo 0.00 0.00 Purchase 425 125 1.115 0.00 0.00 onen Oo olos Purchase $ $ 0.00 ole 0 $ 0 $ b) Gross Margin using Specific Identification Less Equals: + Ask ay Cost of Goods Sold using Specific Identification Avallable for Sale Cost of Goods Sold Date Activity Units Unit Cost Units Sold eferences Unit Cost EI Iny COGS $ 0.00 $ 0 0.00 0 Jan. 1 Beginning inventory 225 MT. 14 Cost of goods sold 340 July 30 425 Ending inventory Oct. 26 125 Gross margin 1.115 Purchases b) Gross Marsmanny poration $ $ 0.00 0 S 0.00 0 0 $ 0 Less: Equals: Date Activity Units Unit Cost Units Sold Unit Cost COGS Jan. 1 225 $ 0.00 $ Mar. 14 Cost of goods sold Ending inventory Gross margin 340 $ 0.00 July 30 425 0.00 $ $ Oct. 26 125 0.00 Purchases 1.115 0 $ Sales b) Gross Mars rutdation Less