5 Required information The following information applies to the questions displayed below. Hemming Co. reported the following current-year purchases and sales for its only product. 1.25 points Skipped Units Sold at Retail 190 units $41.80 350 units $41. 80 130 units $41.80 Date Jan. 1 Degirining inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July30 Purchase Oct. 5 Sales Oct. 26 Purchase 245 units 390 units 445 units $11.80- $ 2,891 $16. 806, 552 $21. 80 9, 701 eBook 3, 886_ $23, 030 970 units 145 units $26. 80 Totals 1,225 nits Hint Print Required Hemming uses a perpetual inventory system. References 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 margin for FIFO method and LIFO method Complete this questions by entering your answers in the below tabs 1.25 Complete this questions by entering your answers in the below tabs. points Skipped Required Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: eBouk oods Sold Hint #of units Cost per Inventory unit #of units Cost per unit # of units sold Cost per unit Cost of Goods Sold Date Balance 24511.802,891.00 January1 January 10 March 14 Print Relereces March 15 July 30 October 5 October 26 $ 0.00 Totals Requlred 2> Required 1 Complete this questions by entering your answers in the below tabs 1.25 points Required 1 Required 2 Required 3 Sklppec Determine the costs assigned to ending inventory and to cost of goods sold using LIFO Perpetual LIFO: eBook Cost per unit #of units cost perl unit # of units sold Cost per | unit Cost of Goods Sold Inventory Balance Date # of units Hint 245S11.802,891.00 January 10 Print March 14 References March 15 July 30 October 5 October 26 Totals S 0.00 Required 1 Required 3 > 5 Required information The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product. 1.25 points Skipped Units Sold at Retail 190 units $41. 80 350 units $41.80 430 units $41. 80 Date Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July30 Purchase Oct. 5 Sales Oct. 26 Purchase Units Acquired at Cost Activities 245 units $11.80 2, 891 390 units $16. 80 6, 552 445 units S21.80 9, 701 145 units $26. 803,886 eBook Totals 1, 225 units $23, 030 970units Hint Print Required Hemming uses a perpetual inventory system. References 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 margin for FIFO method and LIFO method Complete this questions by entering your answers in the below tabs Required Required 2Required 3 Compute the gross margin for FIFO method and LIFO method FIFO IFO: Sales revenue Less: Cost of goods sold Gross margin Required 3 Required 2