Check m 8 Required information [The following information applies to the questions displayed below.j Hemming Co. reported the following current-year purchases and sales for its only product. Part 3 of 3 Activities Units Acquired at Cost Date Jan. 1 Beginning inventory Jan.10 Sales Mar.14 Purchase Mar.15 Sales July30 Purchase Oct. 5 Sales Oct.26 Purchase Units Sold at Retai1 170 units $40.40 270 units $40.40 380 units $40.40 points 210 units $10.40 -$ 2,184 310 units $15.40 4,774 410 units $20.408,364 110 units $25.402,794 Skipped eBook Totals 1,040 units $18,116 820 units Hint Required Hemming uses a periodic inventory system. Print (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 (c) Compute the gross margin for each method References a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods # of units # of units | Cost Cost per Available for sold Sale # of units Cost per n ending per unitInventory inventory Ending unit Goods Sold n ending unit Beginning inventory Purchases March 14