value: 10.00 points Hemming Co. reported the following current-year purchases and sales data for its only product Date Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Activities Units Sold at Retail 160 units $42.80 210 units $42.80 230 units@ $42.80 Units Acquired at Cost 170 units@$12.80$ 2,176 320 units@$17.805,696 470 units@$22.80 10,716 670 units@$27.8018,626 Totals 1,630 units s 37,214600 units Required Hemming uses a periodic inventory system. Assume that ending inventory consists of 120 units from the March 14 purchase, 240 units t October 26 purchase. Using the specific identification method, compute the following. (Round cost per unit to 2 decimal places.) a) Cost of Goods Sold using Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Ending Activity Units Unit Units Unit Cost COGS Inventory Unit Cost Inventory Units Date Cost Jan. 1 Beginning inventory Mar. 14 Purchase July 30 Purchase Oct. 26Purchase 170 320 470 670 1,630 0.00 $0.00 $ 0.00 0.00 b) Gross Margin using Specific Identification Less: Equals Required Hemming uses a periodic inventory system. Assume that ending inventory consists of 120 units from the March 14 purchase October 26 purchase. Using the specific identification method, compute the following. (Round cost per unit to 2 decimal pla a) Cost of Goods Sold using Specific Identification Available for Sale Cost of Goods Sold Ending Inventory Ending Unit Cost COGS Inventory Unit Cost Invento Units Endin Unit Units Cost Sold ate Activity Units Cost Jan. 1 Beginning inventory Mar. 14 Purchase July 30 Purchase Oct. 26 Purchase 170 320 470 670 1,630 $ 0.00 $ 0.00 0.00 b) Gross Margin using Specific Identification Less: Equals: Hints References eBook&Resources Hint #1 heck my work