all same quesiton.

Late Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product. Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 200 units @ $10 - $ 2,000 Jan. 10 Sales 150 units @ $40 Mar. 14 Purchase 350 units @ $15 5, 250 Mar.15 Sales 300 units @ $40 July30 Purchase 450 units @ $20 9,000 Oct. 5 Sales 430 units @ $40 Oct.26 Purchase 100 units e $25 2,500 Totals 1,100 units $18,750 BB0 units Exercise 5-7 Perpetual: Inventory costing methods-FIFO and LIFO LO P1 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 margin for FIFO method and LIFO method. Camnlara himnastlan buantaina un nema in that he hala.. Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetuid fico: Date Goods Purchased Cost of Goods Sold of Cost per of units Cost per Cost of Goods units unit sold unit Sold January 1 Inventory Balance Cost per Inventory of units unit Balance 200 e $10.00 $ 2.000.00 $10.00 = $1,500.00 January 10 150 $40.00 $6.000.00 1501 March 14 350 $15.00 150 e 350 e $10.00 $ 1500- $ 1.500.00 5.250.00 $6.750.00 March 15 150 $10.00 $15.00 G $10.00 $ 1.500.00 0.00 $ 1.500.00 July 30 October Search or type URL 2 N . 3 % 5 4 6 & 7 .00 8 9 0 W E R T Y U o o S D TI F G D H J C V 00 B N v 2 3 5 6 UN 6 7 C 9 8 O w E R Y U 1 O S D F G U H J K L . C v > B N M A. 36 Command 38 Command ODI Exercise 5-7 Perpetual: Inventory costing methods-FIFO and LIFO LO P1 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 margin for FIFO method and LIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the gross margin for FIFO method and LIFO method. FIFO: LIFO: Sales revenue Less: Cost of goods sold Gross margin