Check my work mode : This shows what is correct or Incorrect for the work you havec Use the following information for the Exercises below. The following information apples to the questions displayed below] Hemming Co reported the following curremt year purchases and sales for ts only product Jan.1 Beginning inventory an. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 3e Purchase Oct 5 Sales Oct. 26 Purchase 2ee units 1 2,898 358 units $15 5,25 458 units$289,0 10e unitse s2s 2,580 150 units $48 3ee units 548 438 units $48 Totals 1,180 units $18,758 888 units Exercise 5-7 Periodic: Inventory costing methods-FIFO and LIFO LO P 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. (c) Compute the gross margin for each method 3 Answer is complete but not entirely correct. Prey89 10 of 21