Question: please help with all 3 parts ce Required information [The following information applies to the questions displayed below] Hemming Co. reported the following current-year purchases

please help with all 3 parts
 please help with all 3 parts ce Required information [The following
information applies to the questions displayed below] Hemming Co. reported the following
current-year purchases and sales for its only Date Activities Jan. 1 Beginning

ce Required information [The following information applies to the questions displayed below] Hemming Co. reported the following current-year purchases and sales for its only Date Activities Jan. 1 Beginning inventory Units Acquired at Cost 290 units $13.50-$3,944 500 unite# $18.60 9,300 Jan.10 Sales 490 units $23.60 11.564 Mar. 14 Purchase Mar.15 Sales July 30 Purchase Oct. 5 Sales Oct.26 Purchase 190 unite# $28.60- 1,470 units 5,434 $30,242 1,160 units Totals Required Hemming uses a perpetual inventory system. 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 3. Compute the gross margin for FIFO method and LIFO method. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold # of Onte of units unite Cost per Cost of Goods Sold sold #of units unit January 1 January 10 260 $13.60 $3.536.00 March 14 March 15 $ 408.00 30 400 $13.60 $18.60 7,440.00 $7.848.00 July 30 October 5 @ $13.80 S 0.00 1,860.00 8732.00 $10.502.00 October 26 Cost per unit 500 $18.60 490@$23.60 190 $28 60 .. 100 @ 370 @ $18.60 $21.60- product Units Sold at Retail 260 unite 543.60 430 unita# $43.49 470 unita $43.60 Inventory Balance Cost per $13.60 $13.60 $11.60 $18.60 $13.50 e $16.50- $13.60 @ 100 G $18.60 400 @ $23.60- $13.00 $18.60 $23.00 $13.60 $18.60 e $23.60 290 30 a 30 G 500 100 600 e POD + Inventory $ 3.944.00 $ 408.00 $ 408.00 9,300.00 $ 9,708.00 3 1.360.00 $ 1.360.00 1,860.00 11,564.00 $ 13,424.00 Hemming use 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 3. Compute the gross margin for FIFO method and LIFO method. Complete this questions by entering your answers in the below tabs. Required 11 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased # of Cost per # of units Cost of Goods Sold Cost per unit Date Cost of Goods Sold # of units units unit sold January 11 290 @ January 10 March 14 March 15 July 30 October 5 October 26 Totals 3 Required 1 0.00 Inventory Balance Cost per unit $13,60 = MY Required 3 > Inventory Balance $ 3,944.00 Required information [The following information applies to the questions displayed below] Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost 290 units @ $13.60 $ 3,944 Units Sold at Retail 260 units@ $43.60 500 units $18.60- 9,300 Jan. 1 Beginning inventory Jan.10 Sales Mar.14 Purchase Mar.15 Sales July 30 Purchase Oct. 5 Sales 430 units @ $43.60 490 units @ $23.60= 11,564 Oct.26 Purchase 190 units @ $28.60- 1,470 units 470 units 8 $43.60 5,434 $30,242 1,160 units Totals Required: Hemming uses a perpetual inventory system. 1. Determine the costs assigned ending Inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 3. Compute the gross margin for FIFO method and LIFO method. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Compute the gross margin for FIFO method and LIFO method. FIFO: LIFO: Sales revenue Less: Cost of goods sold Gross margin

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