please do all 3 worksheets

0 Required Information Use the following Information for the Exercises 8-10 below. (Algo) The following information applies to the questions displayed below) Hemming Company reported the following current-year purchases and sales for its only product Units sold at Retail Units Acquired at cost 255 units @ $12.28 = $ 3,111 210 units @ $42.20 Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 418 units @ $17.20 7,052 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 350 units @ $42.20 455 units @ $22.20 10, 101 430 units @ $42.20 @ $27.20 - 155 units 1,275 units 4,216 $ 24,480 990 units Exercise 5-8 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Required: Hemming uses a perpetual inventory system 1. Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO, 3. Compute the gross profit for FIFO method and LIFO method Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Date Goods Purchased I of units Cost per unit Permetual FIFO: Coat of Goods Sold #of units sold Cost per unit Cost of Goods Sold Inventory Balance Cost per Inventory of units unit Balance 255 at 5 12.20 3.111.00 January 1 January 10 210 at 5 12 20 $ 2,562.00 $ 12.20 410 al 5 17 20 March 14 45 at 410) at Total March 14 $ 12.20 s 549.00 S 17 20 7,05200 AS 7601.00 $ 12.20 March 15 . S al 45 at at $ 12.20 $ 1720 549.00 0.00 549.00 Total March 15 5 455 at 5 22 20 5 12 20 July 30 at 105 455 0 $ 2220 10.101.00 Total July 30 S. 10, 101 00 at $ 12.20 . 5 0.00 5.12.20 October 5 105 325 al 5 22.20 - 130 at Total October 5 7.215.00 5 7.215.00 5 2.20 2,33600 5 2.805.00 155) at 52720 al 5 12 20 October 26 at 5 2220 5 27 20- 155 al Tolais 5 10.326.00 421600 4.216.00 5 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Date Goods Purchased Cost per #of units unit Perpetual LIFO: Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory # of units unit Balance January 1 January 10 March 14 Total March 14 March 15 Total March 15 July 30 Total July 30 October 5 Total October 5 October 26 Totals 0.00 ! Required Information Use the following Information for the Exercises 8.10 below. (Algo) The following information applies to the questions displayed below Hemming Company reported the following current year purchases and sales for its only product Units Acquired at cost 255 units e $12.20 Units sold at Retail 171 210 units @ $42.2e Date January 1 January 19 March 14 March 15 July 30 October 5 October 26 410 units @ $12.20 = 7,052 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 350 units $42.20 455 units @ $22120 10, 101 430 units @ $42.28 @ $27.20 155 units 1,275 units 1,216 5 24,480 990 units Exercise 5-8 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Required: Hemming uses a perpetual Inventory system 1. Determine the costs assigned to ending Inventory and cost of goods sold using FIFO 2. Determine the costs assigned to ending Inventory and to cost of goods sold using LIFO 3. Compute the gross profit for FIFO method and LIFO method Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the gross profit for FIFO method and LIFO method. FIFO LIFO Sales revenue Less Cost of goods sold Gross profil