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Check my work tine rowowing inrormanon appies ro tne quesions aispiayea perow. Hemmin g Co....

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Check my work tine rowowing inrormanon appies ro tne quesions aispiayea perow. Hemmin g Co. reported the following current-year purchases and sales for Its only product 285 units $13.403,819 470 units $18.408,648 485 units $23.4011,349 185 unite e $28.405,254 20 polnts Jan.10 Sales Mar.14 Purchase Mar. July30 Purchase Oct. 5 Sales oct.26 Purchase 250 units e $43.40 400 units $43.40 46 units @ $43.40 15 Sales eBook Totals 1,425 units $29,070 1,110 units Hint Print Exercise 5-9A Periodic: Inventory costing system LO P3 Required: Hemming uses a periodic 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 margin for each method Periodic FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per Cost of Goods #Of units # of units l Cost Der | Cost of Cost Endina Prev 1 of 1 Next

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