100 DOWNL Required information The following information applies to the questions displayed below) Hemming Company reported the following current year purchases and sales for its only product eblock Dute Jary 1 January 18 Activities Beginning inventory Sales Purchase H 10 10 March 14 Parch 15 July 30 October 5 October 2 Salest Purchase Sales Purchase Tutals Units Acquired at Cost 230 units $2.1M 4,774 #320.4- 8.364 340,40 120 mits $18,116 Required: Hemming uses a perpetual inventory system 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO 2. Determine the costs assigned to ending investory and to cost of goods sold using LIFO 3. Compute the gross profit for FIFO method and LIFO method Complete this question by entering your answers in the tabs below. Requ Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO Goods Purchased Exte January 1 of units Cost of Goods Sof Cont per of snits Cost per Cost of Goods Sold try Dalance Balance 210 $10.4 52.154.00 January 10 March 14 Total March 14 March 15 Ten March 15 July 301 Total July 30 Odaber Total October 5 Oct25 Tota C Repaired 1 ade Required) >>