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please answer COFS and gross profit

Requlred Informatlon The following information applies to the questions displayed below Hemming Co. reported the following current-year purchases and sales for its only product. Date Jan. 1 Beginning inventory Jan. 1e Sales Mar. 14 Purchase Mar. 15 Sales July 38 Purchase Oct. 5 Sales Oct. 26 Purchase Activities Units Acquired at Cost 200 units @ $10 # $ 2,000 358 units $155,25e 450 units @ S28 9,eee 198 units25 2.5 Units Sold at Retail 158 units $48 380 units $48 438 units $48 Totals 1.18e units $18,758 888 units Required: Hemming uses a periodic inventory system. Assume that ending inventory is consists of 45 units from the March 14 purchase, 75 units from the July 30 purchase, and all 100 units from the October 26 purchase. Using the specific identification method, calculate the (a) the cost of goods sold and (b) the gross profit. Complete this question by entering your answers in the tabs below Cost of Goods Gross Profit Sold Calculate the cost of goods sold. using Available for Sale Cost of Goods Sold Ending Inventory nitold Ending Activity Units Cost Unit Cost COGS inventory Unit Cost Inventory Cost 1 Beginning Inventory Mar. 14 Purchase July 30 Purchase Oct. 28 Purchase 200 350 450 100 1.100 Cost of Goods Sold Gross Profit >

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