Requlred Informotion [The following information applies to the questions displayed below.] Hemming Company feported the folloving current-year purchases and sales for its only product. Hemming uses a periode inventory system (a) Determine tie costs assigned to ending inentory and to cost of goods sold using fifo. (b) Determine the costs assigned to ending inventony and to cost of goods fold using Lifo. (c) Compute the gross profitfor each method