Required information [The following information applies to the questions displayed below] Hemming Company reported the following current-year purchases and sales for its only product. c) Gross profit \begin{tabular}{|l|l|l|} \hline & FIFO & LIFO \\ \hline Cost of goods sold & & \\ \hline Gross profit & & \\ \hline Sales & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline Cost of Goods Sold & \multicolumn{3}{|c|}{ Ending Inventory } \\ \hline Cost per unit & CostofGoodsSold & #ofunitsinendinginventory & Cost per unit & Ending Inventory \\ \hline$13.00 & $ & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & $3,575 & & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline Cost of Goods Sold & \multicolumn{3}{|c|}{ Ending Inventory } \\ \hline & CostofGoodsSold & #ofunitsinendinginventory & Cost per unit & Ending Inventory \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} a) Periodic FiFo b) Periodic LIFO