ACTAVALL JA Beginning Laventory Jan 10 Sales Mar. 14 Parchase Mar 15 sale July Purchase Octs les Oct 26 Marchase Total Acould cost Un soldat Retail 245 units $13.80 $2,891 190 units 541.60 398 units @ $16.30 6,552 358 units @ $41.80 445 units @ $21.30 9,701 438 units 541.60 145 units $26.80 3,600 1.225 units $23,030 970 units Required: Hemming uses a periodic inventory system (a) Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. (b) Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Il Compute the gross profit for each method. .) Periode FIFO cost or Goods Available for Sale Cost of Goods Son Ending in of units in aning Center of units Cost per unit Cost of Goods Avaliable for sale of units sold cost per unit Cost of Goods Sold Inventory Ending bay Beginning inventory Purchases March 14 y 30 October 26 Total S 0 Cost of code sold Ending inter Di Periodic LIFO Cost of uodis Available for Sale Coat of Goods Ending Inventory of units in ending Cost per unit Inventory of units Cost of Goods Available for sale Cost per unit of units sold cost per unit Sold Beginning wentary Purchasest March 14 ye October 26 Total 0 FIFO LIFO Gross pro