Hemming Co. reported the following current-year purchases and sales for its only product. Units Sold at Retail Date Activities Beginning Jan. 1 inventory Jan. 10 Sales Units Acquired at Cost @ 155 units $12.20 = $ 1,891 145 units $42.20 Mar. 14 Purchase 305 units $17.20 5,246 Mar. 15 Sales 195 units $42.20 July 30 Purchase 455 units $22.20 10,101 Oct. 5 Sales 245 units $42.20 Oct.26 Purchase 655 units $27.20 17,816 Totals 1,570 units $35,054 585 units Required: Hemming uses a perpetual Inventory system. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. of 6 Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit Date # of units sold Cost per Cost of Goods unit Sold Inventory Balance Cost per Inventory # of units unit Balance 155 @ $ 12.20 $1.891.00 4444 January 1 January 10 March 14 ook int March 15 ences July 30 October 5 October 5 October 26 Totals