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Hemming Co. reported the following current-year purchases and sales for its only product. Activities Units Acquired at Cost Units Sold at Retail Date Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase 35 units $11.401,539 285 units$16.404,674 435 units$21.409,309 635 units$26.4016.764 25 units $41.40 75 units $41.40 265 units$41.40 Totals 1,490 units $32,286 565 units Hemming uses a periodic inventory system. value: 10.00 points Required 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units | Cost # of units | Cost per Available for Sale Cost of Ending # of units | Cost per costof Goods n ending per unit Inventory inventory unit Beginning inventory Purchases March 14 July 30 October 26 Total 0 0.00 0 $ 0.00 0 $ 0.00

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