Required information (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 290 units @ $13.60 = $ 3,944 260 units @ $43.60 500 units @ $18.60 = 9,300 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Totals 430 units @ $43.60 490 units @ $23.60 = 11,564 470 units @ $43.60 190 units @ $28.60 = 1,470 units 5,434 $30,242 1,160 units Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Periodic FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of Cost Goods per units Available unit for Sale Cost # of units sold Cost of Goods Sold per unit of units in ending inventory Cost per Ending Inventory unit eginning inventory 200 3,944 290 $ 13.60 13.60 3,944 30 $ 13.60 408 urchases March 14 500S 18.60 9,300 500 $ 18.60 9,300 July 30 11,564 490 23.00 19028.60 October 26 5.434 30.242 Ay 1.470 $ 790 13.244 30 Required > Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of Cost per Goods units unit Available for Sale 290 3,944 # of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per Ending Inventory unit oginning Inventory 13.60 $ 200 $ 13,60 $ 3,944 urchases: March 14 9,300 July 30 11,564 11,564 50018.60 490 23.60 19028.60 1.470 $ 23.60 $ 28.60 October 26 490 190 970 5,434 5,434 stal $ 30,242 $ 20,942 Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the gross margin for each method. ) Gross Margin FIFO LIFO