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 200 units $10 - $ 2,000 150 units $40 350 units $15 5,250 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 3e Purchase Oct. 5 Sales Oct. 26 Purchase 300 units ste 450 units $20 9,000 438 units 54 $25 100 units 1,180 units 2,500 $18,750 880 units Totals a) Periodid FIEO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods Cost per of units Available for unit Sale of units Cost per sold unit Cost of Goods Sold of units in ending inventory Cost Ending per unit Inventory Beginning inventory Purchases March 14 July 30 October 26 Total b) Penodin LIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods # of units Cost per Available for unit Sale Ending Inventory of units Cost Ending in ending inventory per unit Inventory Cost per of units sold Cost of Goods Sold unit Beginning inventory Purchases March 14 July 30 October 20 Total FIFO LIFO c) Gross Profit