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 145 units $42.20 195 units $42.20 245 units $42.20 Units Acquired at Cost Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct 26 Purchase 155 units$12.20 1,891 305 units$17.20 5,246 455 units$22.20 10,101 655 units $272017,816 Totals 1,570 units 35,054 585 units Hemming uses a periodic inventory system. value: 20.00 points Required: 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO