Required Information Use the following information for the Exercises 8-10 below. (Algo) [The following information applles to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product. Exercise 6-8 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Determine the ensts ascinned to endinn inventory and th rost of annds sold usinn I TFO. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Ending Inventory consists of 50 units from the March 14 purchase, 80 unlts from the July 30 purchase, and all 130 units from the October 26 purchase. Using the specific identification method, calculate the following. Required Information Use the following information for the Exercises 8-10 below. (Algo) [The following information applles to the questions displayed below.] Hemming Company reported the following current-year purchases and sales for its only product. Exercise 6-8 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Determine the ensts ascinned to endinn inventory and th rost of annds sold usinn I TFO. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Ending Inventory consists of 50 units from the March 14 purchase, 80 unlts from the July 30 purchase, and all 130 units from the October 26 purchase. Using the specific identification method, calculate the following