How would this be solved?

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below. ] Hemming Company reported the following currentyear purchases and sales for its only product Date Activities January 1 Beginning inventory 215 units January 19 Sales March 14 Purchase 320 units March 15 Sales July 36 Purchase 415 units October 5 Sales October 26 Purchase 115units Totals 1J965units @ $19.59 @ $15.59 @ $29.59 @ $25.59 Units Acquired at Cost $ 2,279 4,992 8,549 2,944 $ 18)764 Units Sold at Retail 189 units 269 units 468 units 849units @ $49.59 @ $49.59 @ $49.59 Exercise 5-8 (Algo) Periodic: Inventory costing LO P1 Hemming uses a periodic inventory system. (a) Determine the costs assigned to ending inventory and to cost ofgoods sold using FIFO, (b) Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. (c) Compute the gross profit for each method. a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Number of Cost per unit Cost of Goods Number of Cost of Goods units Available for Sale units sold Cost per unit Number of units in Sold ending inventory Cost per unit Ending Invento Beginning inventory 215 $ 10.60 $ 2,279 Purchases: March 14 July 30 October 26 Total 215 $ 2,279 0 $ 0 0 $ b) Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Number of Cost per unit Cost of Goods Number of Cost of Goods Number of units in units Available for Sale units sold Cost per unit Sold ending inventory Cost per unit Ending Invento Beginning inventory 215 $ 10.60 $ 2,279 Purchases: March 14 July 30 October 26 Total 215 $ 2,279 0 $ 0 0 $ c) Gross profit FIFO LIFO