Hemming Co. reported the following current-year purchases and sales for its only product. Activities Units Acquired at Cost 200 units $10= $ 2,000 Units Sold at Retail Date 1 Beginning inventory Jan 150 units $40 Jan. 10 Sales 350 units $15 5,250 Mar. 14 Purchase 300 units $40 Mar. 15 Sales 450 units $20 July 30 Purchase 5 Sales 9,000 430 units $40 Oct 100 units$25 = Oct. 26 Purchase 2,500 880 units $18,750 Totals 1,100 units quired mming 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using FIFO Periodic FIFO Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold # of units Cost per Cost of Goods# of units Cost per #of units in ending Goods Soldinventory Cost of Ending Inventory Cost Available for Sale unit unit sold per unit eginning inventory urchases: March 14 July 30 October 26 tal 0 0 0 Required B Required A Hemming Co. reported the following current-year purchases and sales for its only product. Activities Units Acquired at Cost 200 units$10 Units Sold at Retail Date 1 Beginning inventory $ 2,000 Jan. 150 units $40 Jan. 10 Sales 350 units $15 Mar. 14 Purchase 5,250 300 units $40 Mar. 15 Sales 450 units $20 July 30 Purchase 5 Sales 9,000 430 units $40 Oct. 100 units @ $25 Oct. 26 Purchase 2,500 - $18,750 880 units Totals 1,100 units quired: mming 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C etermine the costs assigned to ending inventory and to cost of goods sold using LIFO. Periodic LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods of units Ending Goods Soldinventory per unit Inventory Cost of Cost #of units Cost per Available for#of units Cost per in ending unit sold unit Sale eginning inventory rchases: March 14 July 30 October 26 tal 0 0 0 0 0 $