Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completic Retu Hemming Co. reported the following current-year purchases and sales for its only product Units Sold at Date Activities Units Acquired at Cost Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase 200 units $10 S 2,000 350 units8 $15 5,250 450 units S20 9, 000 100 units $252,500 Retail 150 units $40 300 units $40 430 units $40 ,100 units $18,750 880 units Totals Required Hemming uses a periodic inventory system. Assume that ending it from the July 30 purchase, and all 100 units from the October 26 purchase. Using the specific identification method, calculate the (a) nventory is consists of 45 units from the March 14 purchase, 75 units the cost of goods sold and (b) the gross profit. Answer is complete but not entirely correct