HW Help Save & Exit Submit Check my work The following information applies to the questions displayed below) Hemming Company reported the following current year purchases and sales for its only product Date IV Units Aquired at Coat Units sold at Retail January 1 Beginning inventory 210 unita # $10.40 $ 2,184 January 10 Sales 170 units 140.40 March 14 Purchase 310 units $15.40 Match 15 Bales 270 unite # $40.40 July 30 Purchase 410 unita $20.40 - Detober 5 Sales 380 unita $40.40 October 26 Purchase 110 units # $25.40 2,794 Total 1,040 units 119,116 20 unita 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. for Cost of Goods Bald 3 of 3 Ending Inventor of unitsin ending Costparnik Inventory of units Cost per unit Cost of Goods Available for Sale #of units sold Cost per unit Cost of Goods Sold Ending Beginning inventory Purchases March 14 July 30 October 20 Total 5 Menodiero Coat of Goods Available for tale Coat of Goods Bold Endling Inventory Hi of units in anding Cost per unit #of units Cost of Goods Available for Sale Cost per unit Cost of Goods Sold of units sold cost per unit Ending inventory frances Beginning inventory Purchases March 14 July 30 October 26 You 0 $ $ FIFO LIFO