emming Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units Sold at Retail an. 1 Beginning inventory 300 units @ $15.00 - $4,500 an. 10 Sales 240 units @ $40.00 $8,800 lar. 14 Purchase 410 units @ $16.00 = 6,560 ar. 15 Sales 290 units @ $40.00 - 11.800 II. 30 Purchase 500 units @ $17.00 = 8,500 440 units @ $40.00 - 17.800 ct. 5 Sales 2.700 t. 26 150 units @ $18.00 = Purchase $22.260 1.360 units $38.800 970 units nming uses a perpetual inventory system, Determine the cost assigned to cost of goods sold using FIFO and LIFO. apute gross-margin-for each method. & weicbred. avhare