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Hemming Company reported the following currentyear purchases and sales for its only product.
Ending inventory consists of units from the March purchase, units from the July purchase, and all units from the October purchase. Using the specific Identification method, calculate the following.
a Cost of Goods Sold using Specific Identification
tablea Cost of Goods Sold using Specific IdentificationDateAvailable for Sale,Cost of Goods Solld,Ending linventoryActivity# of units,tableCost PerUnittable of unitssoldtableCost PerUnittableCost ofGoods SoldtableEndingInventoryUnitsCost Per Unit,tableEnding lnventoryCostJanuary Beginning Inventory,$$March Purchase,table$$July Purchase $October Purchase table$$ab Gross Profit using Specific Identification,DO
tableLess:Equals:
