ded Help Save & Exit Submit Check my work 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. Date Nativities Units equired at Cost its sold at Retail January 1 Beginning inventory 325 units 511.00 - 32,475 January 10 Sales 150 unit 141.00 March 14 Pirebone 340 units $16.00 - March 15 sa 300 units 541.00 July 30 Purchase 425 $21.00 3.925 October 5 Sales 541.00 October 26 Purchase 325 unite 526.00 3,250 Totala 1.115 units 5.20,090 845 Hemming uses a periodic inventory system (Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO (b) Determine the costs assigned to ending Inventory and to cost of goods sold using LIFO. I Compute the gross profit for each method. Porodico Cost of Goods Som Ending Cost of Arabia for Sale Cost of Good wants Cost per unit Ave for Cost of Good en sending Cost per unit of units sold Center Inventory Ending! Beginning invertory March 14 July Oct20 To + Check my work Required information March 14 July 30 October 20 Total 5 bi Periodic UFO Cost of Goods Available for sale Cost of Goods Sold Ending Imatory of units Cost per unit Cost of Goods Available for Sale of units sold cost per unit Cost of Goods Sold of units inding cost per unit Inventory Ending! Beginning inventory Purchases March 14 July 30 October 20 Total 5 c) Gross pro FINO LO