Requlted information: Use the following information for the Exerclses 8-10 below. (Algo) Hemming Compary reponed the folowing curnent yeur purchases and saies for is only product. Exercise 5-10A (Algo) Periodic: Inventory costing LO P3 (b) Defrimine the costs assyned to ending imvenary and to cost of goods sold using Lifo. if Compule the pross proft for esch method Hemmang yses a penodic inveriony syrtem (b) Determive the cotss assigned to enaing imentory and to cost of goods sold using uFo fcr Cothoute the gross profit for eoch method