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[The following information applies to the questions displayed below.] Hemming Company reported the...

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Accounting

[The following information applies to the questions displayed below.]
Hemming Company reported the following current-year purchases and sales for its only product.
\table[[Date,Activities,Units,Acquired at,Cost,,Units Sold at,Retail],[January 1,Beginning inventory,220 units,a $10.80,=,$2,376,,],[January 10,Sales,,,,,190 units,@ $40.80
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