edu%252Fwebapps%252Fport. Fatima Hammoud networks-Discov Mathway | Algebra... Exercises Saved 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. Date Activities Jan. 1 Beginning inventory Jan.10 Sales Mar. 14 Purchase Mar. 15 Sales July 30 Purchase 400 units $17.80 - 470 units $22.80- Units Acquired at Cost 270 units $12.80 $3,456 7,120 10,716 Units Sold at Retail 220 units $42.80 340 units $42.00 Oct. 5 Sales 440 units $42.80 Oct. 26 Purchase i Totals 170 units $27.80- 1,310 units 4,726 $26,018 1,000 unita 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 questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Determine the costs assioned to endino inventory and to cost of goods sold using FIFO. < Prev 3 of 5 Next > MarBook Air Help Save & Exit Check my w