undhtml?_con=con&external_browser=0&launchUn=https signment sed Required information The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product Unit Sold at Retas Units Acquired at cost 200 units & $10 - $ 2,000 150 units 9540 350 units @ 015 5, 250 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar 14 Purchase Mar...15 Sales July 30 Purchase Octs Sales Oct.26 Purchase Totals 300 units 540 450 units @ $20 9,000 430 units 540 @ $25 100 units 1, 100 unita 2 500 618, 750 880 units -quired: emming uses a periodic inventory system. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO, Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Compute the gross margin for each method Rewired for # of units Cost per Cast of Goods Available for Sale of units nold Coupe tant Costel Goods to it Endang porn mo Beginning inventory Purchases March 14 July 30 October 20 0 Total 0 5 0 o $ 0 Ibl Periodic LIFO Cost of Goods Sold Cont of Goods Available for sale Cost of Goods # of units Available for unit Sale Cost per of units sold Cost per unit Cost of Goods Sold # of units in ending inventory Cost per uit Ending Inventory Beginning inventory Purchases: March 14 July 30 October 28 S 0 O $ 0 Total 0 a Gross Margin FIFO LIFO Next