2 2:44:11 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 inventory 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. Book Hint Werences Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Goods Purchased Perpetual LIFO: Cost of Goods Sold Date # of units unit Cost per # of units sold Cost per Cost of Goods unit Sold # of units January 1 January 10 March 141 Total March 141 March 15 Total March 15 Inventory Balance Cost per Inventory unit Balance