Hemming Company reported the following current-year purchases and sales for its only product. Date Activities January 1 January 10 March 14 Beginning inventory 210 unite Sales Purchase 310 units Unita Kompiled at Cont $10.40- 015.40- Units Sold at Ratail $2,186 170 units $40.40 4,774 March 15 July 30 Salas 270 units $40.40 Purchase October 5 Sales October 26 Purchase Totals 410 units $20.40- 8,364 300 units $40.40 110 unite 1,040 units $25.40-> 2,794 $18,116 920 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Goods Purchased Date # of units Cost per unit # of units sold Perpetual FIFO Cost of Goods Sold Cost per unit Cost of Goods Sold of units Inventory Balance Cost per unit January 1 January 10 Inventory Balance