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Accounting

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Hemming Company reported the following current-year purchases and sales for its only product.
Ending inventory consists of 65 units from the March 14 purchase, 80 units from the July 30 purchase, and all 125 units from the October 26 purchase. Using the specific Identification method, calculate the following.
a) Cost of Goods Sold using Specific Identification
\table[[a) Cost of Goods Sold using Specific Identification],[Date,Available for Sale,Cost of Goods Solld,Ending linventory],[Activity,# of units,\table[[Cost Per],[Unit]],\table[[4# of units],[sold]],\table[[Cost Per],[Unit]],\table[[Cost of],[Goods Sold]],\table[[Ending],[Inventory],[Units]],Cost Per Unit,\table[[Ending lnventory],[Cost]]],[January 1,Beginning Inventory,2102,,,,$,0.00,3,0,,5,0,00,$,0],[March 14,Purchase,\table[[13]],,,,$,0.00,,0,,$,0.00,,0],[July 30,Purchase 1717,4,,,,$,0.00,,0,,5,0.00,,0],[October 26,Purchase 1),\table[[1],[10]],,,,$,0.00,].,0,,5,0.00,,0],[,,,,,170,,,$,a,,,,5,0],[b) Gross Profit using Specific Identification,],[,,DO,,,,,,,,,,,,],[{
\table[[Less:],[Equals:]]},],[]]

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