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accounting . help thanks . Required information Use the following information for the Exercises 8-10 below. (Algo) The following information applies to the questions displayed
accounting . help thanks .
Required information Use the following information for the Exercises 8-10 below. (Algo) The following information applies to the questions displayed below] Hemming Compony reported the following current-year purchases and soles for its only product. Exercise 5.8 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 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 profit for FIFO method and LIFO method. Complete this question by entering your answers in the tabs below. (i) (9) You skipped this question in the previous a (1) Required informasion Required 1 Regured 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Required 2> The following intomation applies to the questions disptsyed below. Heniming Company reported the following current-year purchases and soles for its only product Exercise 5-9 (Algo) Specific identification LO P1 Ending inventory consists of 55 units from the March 14 purchase, 70 units from the July 30 purchase, and all 140 units from the October 26 purchise. Using the specific identification method, calculate the foliowing Exercise 5.10 A (Algo) Periodic: Inventory costing LO P3 tenrvung wits a penotic inventooy syatert ici Compute the gross pioft flal euco mithicas Step by Step Solution
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