Hemming Company reported the following currentyear purchases and sales for its only product. Required: Hemming uses o perpotual 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 UFO. 3. Compute the gross profit for FIFO method and UFO method. Complete this question by entering your answers in the tabs below. Determine the costs assgned to ending inventory and to cost of 000 ds sold ving Fifo