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Question 7 - Week 4 Homework X C [The Following Information Appli X C Required 1. Complete The Table X > The following information applie X + X -> C A & https://ezto.mheducation.com/ext/map/index.html?_con=con&e... to . .. Week 4 Homework - Chapters 4 & 5 i Saved Help Save & Exit Submit Check my work 7 [The following information applies to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail Part 1 of 2 January 1 Beginning inventory 280 units @ $13. 20 = $ 3, 696 January 10 Sales 240 units @ $43.20 March 14 Purchase 460 units @ $18. 20 = 8, 372 March 15 Sales 410 units @ $43.20 5 July 30 Purchase 480 units @ $23. 20 = 11, 136 points October 5 Sales 450 units @ $43.20 October 26 Purchase 180 units @ $28.20 = 5 , 076 Skipped Totals 1, 400 units $ 28, 280 1, 100 units eBook Required: Hint Hemming uses a perpetual inventory system. Print 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. References 3. Compute the gross profit for FIFO method and LIFO method. Complete this question by entering your answers in the tabs below. Mc Graw Hill Type here to search O S O W 6:46 PM 43OF 2/5/2022Question 7 - Week 4 Homework X C [The Following Information Appli X C Required 1. Complete The Table X > The following information applie X + X -> C A & https://ezto.mheducation.com/ext/map/index.html?_con=con&e... to . .. Week 4 Homework - Chapters 4 & 5 i Saved Help Save & Exit Submit Check my work 7 Required information Part 1 of 2 Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 5 Perpetual FIFO: points Goods Purchased Cost of Goods Sold Inventory Balance Skipped Date # of units Cost per # of units sold Cost per Cost per unit unit Cost of Goods Sold # of units Inventory unit Balance January 1 eBook January 10 Hint Print March 14 References Total March 14 March 15 Mc Graw Hill Type here to search O S W 6:46 PM 43OF 2/5/2022Question 7 - Week 4 Homework X C [The Following Information Appli X C Required 1. Complete The Table X > The following information applie X + X -> C A & https://ezto.mheducation.com/ext/map/index.html?_con=con&e... to sd . .. Week 4 Homework - Chapters 4 & 5 i Saved Help Save & Exit Submit Check my work 7 Required information Total March 15 Part 1 of 2 July 30 5 Total July 30 points Skipped October 5 eBook Total October 5 Hint Print October 26 References Totals $ 0.00 Required 2 Mc Graw Hill Type here to search O S W 6:46 PM 43OF 2/5/2022Question 7 - Week 4 Homework X C [The Following Information Appli X C Required 1. Complete The Table X > The following information applie X + X -> C A & https://ezto.mheducation.com/ext/map/index.html?_con=con&e... to . .. Week 4 Homework - Chapters 4 & 5 i Saved Help Save & Exit Submit Check my work 7 Required information Required 1 Required 2 Required 3 Part 1 of 2 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. 5 Perpetual LIFO: points Goods Purchased Cost of Goods Sold Inventory Balance Date Skipped # of units Cost per # of units Cost per Cost of Goods Cost per unit # of units Inventory sold unit Sold unit Balance January 1 eBook January 10 Hint March 14 Print Total March 14 References March 15 Total March 15 Mc Graw Hill Type here to search O S W 6:49 PM 43OF 2/5/2022Question 7 - Week 4 Homework X C [The Following Information Appli X C Required 1. Complete The Table X > The following information applie X + X -> C A & https://ezto.mheducation.com/ext/map/index.html?_con=con&e... to . .. Week 4 Homework - Chapters 4 & 5 i Saved Help Save & Exit Submit Check my work 7 ! Required information Part 1 of 2 July 30 Total July 30 5 points October 5 Skipped Total October 5 eBook Hint October 26 Print References Totals $ 0.00 Mc Graw Hill Type here to search O S W 6:49 PM 43OF 2/5/2022Question 7 - Week 4 Homework X C [The Following Information Appli X C Required 1. Complete The Table X > The following information applie X + X -> C A & https://ezto.mheducation.com/ext/map/index.html?_con=con&e... to . .. Week 4 Homework - Chapters 4 & 5 i Saved Help Save & Exit Submit Check my work 7 Required: Hemming uses a perpetual inventory system. Part 1 of 2 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 profit for FIFO method and LIFO method. 5 points Complete this question by entering your answers in the tabs below. Skipped Required 1 Required 2 Required 3 eBook Hint Compute the gross profit for FIFO method and LIFO method. Print FIFO LIFO References Sales revenue Less: Cost of goods sold Gross profit Mc Graw Hill Type here to search O m S O W 6:50 PM 2/5/2022