This post consists of two questions. Please include explanations and formulas. (Don't mind the boxes that are already filled in. I feel like all of those answers are incorrect.)

Required information [The following information applies to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product. Required information [The following information applies to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product. ding inventory consists of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 105 units from the ctober 26 purchase. Using the specific identification method, calculate the following. a) Cost of Goods Sold using Specific Identification b) Gross Margin using Specific Identification Less: Equals