The following information applies to the questions displayed below$]$Hemming Company reported the following current$-$year purchases and sales for its only product.DateJanuary $1$January$10$March $14$March $15$July $30$OctoberOctober $26$ActivitiesBeginning inventorySalesPurchase$5$alesPurchaseSalesPurchaseTotalsUnits Acquired at Cost$290$ units@ $$13\mathrm{.}60$$ $3944500$ units@ $$18\mathrm{.}609,300490$ unitsQ$$23\mathrm{.}6011\mathrm{.}564190$ units$1\mathrm{.}470$ units@ $$28\mathrm{.}60434$$ $30,242$Units Sold at Retail$260$ units@$$43\mathrm{.}60430$ units$$ $$43\mathrm{.}60470$ units$$ $$43\mathrm{.}601,160$ unitsHemming uses a perlodic Inventory system.$($a$)$ Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.$($b$)$ Determine the costs assigned to ending inventory and to cost of goods sold using LIFO$($c$)$ Compute the gross profit for each method.a$)$ Periodic FIFOCost of Goods Available for Sale# of unitsCost per unitCost of GoodsAvailable for SaleCost of Goods Sold# of units sold Cost per unitCost of GoodsSold# of units in endinginventoryEnding InventoryCost per unitEnding InventoryBeginning inventoryPurchases:March $14$July $30$October $26$Totalb$)$ Periodic LIFO$290$Cost of Goods Available for Sale# of unitsCost per unitCost of GoodsAvailable for Sale$290$Cost of Goods Sold# of units sold Cost per unitCost of GoodsSold# of units in endinginventorEnding InventoryCost per unit Ending InventoryBeginning inventoryPurchasesMarch $14$July $30$October $26$Totalc$)$ Gross profit