Please correct me red blanks and compute the gross margin for FIFO method and LIFO method

G Google Dubai Islamic Bank... Google ga das Wox Wax Website Editor www.dvlottery.state. Account Summary... Saved He Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicat Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.) Hemming Co, reported the following current-year purchases and sales for its only product. Units Sold at Retail Units Acquired at Cost 210 units @ $10.40 + $ 2,184 179 units @ $40.40 Date Ativities Jan. 1 Beginning inventory Jan. 10 soles Mar. 14 Purchase Mar. 15 July 30 Purchase 318 units @ $15.40 4,774 270 units @ $40.40 410 units @ $20. 4 8 ,364 380 units @ $40.40 110 units 525.40 $16,116 820 units Totals Exercise 5-7 Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Required Hemmingen Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indica Nuuuuu . nuuun eu Required information Perpetual FIFO: Inventory Balance Goods Purchased # of COS units unit Cost of Goods Sold Cost Cost of Goods per Sold Date # of units sold # of units Cost per unit Inventory Balance unit January 1 210 @ 10.40 = $2,184.00 $ 416.00 January 10 170 @ $ 1768.00 400 @ 10.40 March 14 310 @ 15.400 40 @ - 310 @ 10.40 15.40 $ 416.00 4.774.00 $ 5.190.00 March 15 10.40 40 230 @ @ $ 416.00 3,542.00 $ 3.958.00 @ @ 10.40 15:40 80 F 15.40 S 1.232.00 5 1 232.00 1 of 1 SHE Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Required information 15.40 410 2 8,364.00 0.40 $ 9,596.00 October 5 = @ 5 10.40 80 @ @ 10.40 15:40 $ 0.00 1.232.00 6,120.00 $ 7.352.00 @ @ 15.40 2040 300 @ 110 2,244.00 $ 2.244.00 October 26 1 10 @ 25.40 @ 10.40 00 BBB 2.244.00 2.794.00 1 of 1 !! Next 5-7 G Saved Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate a Required information Perpetual LIFO: Goods Purchased # of units Cost of Goods Sold Cost Cost of Goods Sold Date # of units sold Inventory Balance Cost Inventory Balance per # of units per unit January 1 $ 2,184.00 January 10 170 @ 10.40 - $1.768.00 210 40 40 310 @ @ @ @ 10.40 10.40 10.40 15.40 - - March 14 310 @ 15400 $ 416.00 416.00 4.774.00 $ 5,190.00 $ 416.00 616.00 $ 1,032.00 416.00 March 15 o 270 @ @ 10.40 15 3S 0.00 4.158.00 $ 4.158.00 40 @ 15.40 July 30 4 10 @ 20.40 400 @ 110.40 - Prev 1 of 1 fii Next Saved Help Se Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compla Required information July 30 410 @ 20.40 416.00 40 @ 400 @ 410 @ 10.40 15.40 20.40 - - 616.00 October 5 | @ 10. 40 @ 15.40 @ 20.40 2223182331 0 ,00 0.00 7.752.00 57.752,00 153339 400 @ 4 0 @ 360 @ 10.40 1540 20.40 - - - 380 8,364.00 S 9,396.00 $416.00 616.00 7.344.00 $ 8,376.00 416.00 616.00 2.244.00 October 26 110 @ 25.40 400 @ 400 @ 110 @ 10.40 5.40 20.40 = - - Prey 1 of 1 1 Next