I need the answers but would also like it to be explained.

Hemming Co. reported the ollowing current-year purchases and sales for its only product. DateActivities Unita Acquired at CostUnita Sold at Retail Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar. 15 Sales July30 Purchase Oct. 5 Sales Oct. 26 Purchase 220 units $10.802,376 330 units $15.80 5,214 420 units $20.808,736 120 units @ $25.80 = 3,096 190 units $40.80 280 units e $40.80 390 units $40.80 Totals 1,090 units $19,422 860 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 u 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 assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO