Date Part 3 of 3 0.76 points eBook H Hemming Co. reported the following current-year purchases and sales for its only product. Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar.14 Purchase Units Sold at Retail Units Acquired at Cost 200 units@ $10-$2,000 150 units@ $40 350 unitse $15 = 450 units@ $20- 5,250 9,000 300 units@ $40 438 units@ $40 Oct.26 Purchase Totals 100 unitse $25- 1,100 units 2,500 $18,750 880 units. Mar. 15 Sales July30 Purchase Oct. 5 Sales Pri References Exercise 5-9A Periodic: Inventory costing system LO P3 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. a) Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold of units Cost per unit Cost of Goods Available for Sale # of units sold Cost per unit Cost of Ending Inventory of units Cost Goods Sold in ending Inventory Ending per unit Inventory Check my wo