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a) Periodic FiFO begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} hline & multicolumn{3}{|c|}{ Cost of Coods Avalable for Sale } & multicolumn{3}{|c|}{ Center coods seld } & multicolumn{3}{|c|}{ Fiding bivertory }

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a) Periodic FiFO \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline & \multicolumn{3}{|c|}{ Cost of Coods Avalable for Sale } & \multicolumn{3}{|c|}{ Center coods seld } & \multicolumn{3}{|c|}{ Fiding bivertory } \\ \hline & sefunts & Cost per unit. & \begin{tabular}{l} Cost of Coods \\ Available for salt \end{tabular} & rof units sold & Cost perunt & \begin{tabular}{l} Cost of Goods \\ Seld \end{tabular} & \begin{tabular}{l} of units in mating \\ inveritony \end{tabular} & Contpter unt & fending inveritory \\ \hline \multicolumn{10}{|c|}{ Begineing mventory? } \\ \hline \multicolumn{10}{|l|}{ Furchanes } \\ \hline \multicolumn{10}{|l|}{ March it } \\ \hline \multicolumn{10}{|l|}{ hy 30 . } \\ \hline \multicolumn{10}{|l|}{ Odiver 20} \\ \hline Hote & & & & & & & & & \\ \hline \end{tabular} b) Feriodic Lifo c) Gross profit \begin{tabular}{|l|l|l|} \hline c) Gross profit & FIFO & UFO \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Hemming Company reported the following current-year purchases and sales for its only product. Exercise 6-10A (Algo) Periodic: Inventory costing LO P3 Hemming uses o periodic inventory system. o) Determine the costs assigned to ending inventory and to cost of goods sold using FiFO b) Determuthe the costs assigned to ending inventory and to cost of goods sold using L.IFO. Compute the gross profit for eoch method

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