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 Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 250 units @ $12.00 - $ 3,000 Jan. 10 Sales 200 units @ $42.ee Mar. 14 Purchase 400 units @ $17.00 - 6,860 Mar.15 Sales 360 units @ $42.ee July 30 Purchase 450 units @ $22.00 9,900 Oct. 5 Sales 420 units @ $42.00 Oct. 26 Purchase 150 units @ $27.00 4,050 Totals 1,250 units $23,750 980 units Periodici FIFO COSEO Goods Sold Cost of Goods Available for Sale Cost of Goods Avaliable for unit Sale # of units Cost per # of units Cost per sold unit Cost of Goods Sold Engry # of units In ending Cost Ending Inventory per unit Inventory Beginning inventory Purchases: March 14 July 30 October 26 Total by Porlodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Goods #of units # of units Cost per Available for Cost of unit sold Sale unit Goods Sold Cost per Ending Inventory #of units Cost Ending In ending Inventory per unit Inventory Beginning inventory Purchases March 14 July 30 October 26 Total FIFO LIFO c) Gross Margin