Hemming Company reported the following current$-$year purchases and sales for its only product.

$\backslash$table$[[$Date$,$Activities,Units,Acquired at$,$Cost,,Units Sold at$,$Retail$],[$January $1,$Beginning inventory,$200$ units,@ $$10,=,$$$2,000,,],[$January $10,$Sales,,,,,$150$ units,@ $$40],[$March $14,$Purchase,$350$ units,@ $$15,=,5,250,,],[$March $15,$Sales,,,,,$300$ units,@ $$40],[\backslash$table$[[$July $30],[$October $5]],\backslash$table$[[$Purchase$],[$Sales$]],450$ units,@$$20,=,9,000,430$ units,@ $$40],[$October $26,$Purchase,$100$ units,@ $$25,=,2,500,,],[,$Totals,$1,100$ units,,,$$18,750,880$ units,$]]$

Exercise $6-10$A $($Static$)$ Periodic: Inventory costing LO P$3$

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 profit for each method.