Hemming Company reported the following current$-$year purchases and sales for its only product.

Date Activities Units Acquired at Cost Units Sold at Retail

January $1$ Beginning inventory $300$ units @ $$14\mathrm{.}00=$ $ $4,200$

January $10$ Sales $250$ units @ $$44\mathrm{.}00$

March $14$ Purchase $520$ units @ $$19\mathrm{.}00=9,880$

March $15$ Sales $460$ units @ $$44\mathrm{.}00$

July $30$ Purchase $500$ units @ $$24\mathrm{.}00=12,000$

October $5$ Sales $480$ units @ $$44\mathrm{.}00$

October $26$ Purchase $200$ units @ $$29\mathrm{.}00=5,800$

Totals $1,520$ units $ $31,8801,190$ units

Ending inventory consists of $50$ units from the March $14$ purchase, $80$ units from the July $30$ purchase, and all $200$ units from the October $26$ purchase. Using the specific identification method, calculate the following.

Answer rating: 100% (QA)

Using the specific identification method we can calculate the following for Hemming Company 1 Cost o... View the full answer