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The following information applies to the questions displayed below] Hemming Co. reported the following current-year...

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Accounting

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The following information applies to the questions displayed below] Hemming Co. reported the following current-year purchases and sales for its only product Units Sold at Retail 145 units $42.20 195 units $42.20 245 units $42.20 Units Acquired at Cost Date Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Activities 155 units$12.201,891 305 units$17.205,246 455 units @ $22.20# 10.101 655 units @ $272O 17,816 Totals 1,570 units $35,054 585 units Hemming uses a periodic inventory system. value 20.00 points Required

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