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Required Information Use the following information for the Exercises below The following information applies to the questions displayed below Hemming Co. reported the following current-year

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Required Information Use the following information for the Exercises below 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 228 units e $42-88 346 units e s42.8e aae units e $42.s8 Units Acquired at cost Date Jan. 1 Beginning inventory Jan.10 Sales Mar.14 Purchase Mar. 15 Sales July 38 Purchase Oct. 5 Sales Oct. 26 Purchase Activities 278 units$12.803,456 488 units $17.887,128 478 units @ $22.8e 18,716 178 units $27-884.726 Totals 1,310 units 526,818 1,8ae units Exercise 5-9A Periodic: Inventory costing system LO P3 Required: Hemming uses a pertodic inventory system a Determine the costs Bssigned to ending inventory and to cost of goods soid using FiFO bj Determine the costs assigned to endino niranihn

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