Date	Activities	Units Acquired at Cost					Units Sold at Retail
January 1	Beginning inventory	210	units	@ $10.40	=	$ 2,184
January 10	Sales						170	units	@ $40.40
March 14	Purchase	310	units	@ $15.40	=	4,774
March 15	Sales						270	units	@ $40.40
July 30	Purchase	410	units	@ $20.40	=	8,364
October 5	Sales						380	units	@ $40.40
October 26	Purchase	110	units	@ $25.40	=	2,794
	Totals	1,040	units			$ 18,116	820	units

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.