Hemming Co. reported the following current-year purchases and sales data for its only product. Date...
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Hemming Co. reported the following current-year purchases and sales data for its only product. Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 100 units @ $10.00 = $ 1,000 Jan. 10 Sales 90 units @$40.00 Mar. 14 Purchase 250 units @ $15.00 = 3,750 Mar. 15 Sales 140 units @$40.00 July 30 Purchase 400 units @ $20.00 = 8,000 Oct. 5 Sales 300 units @$40.00 Oct. 26 Purchase 600 units @ $25.00 = 15,000 Totals 1,350 units $ 27,750 530 units. first i want you to de FIFO, LIFO and Gross Margin... PLEASE PUT IN TABLE.
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