lomework Beginning 215 units $10.60 =$ 2,279 Jan. 1 inventory Jan. 10 Sales Mar.14 Purchase Mar.15 Sales July30 Purchase Oct. 5 Sales Oct.26 Purchase 180 units $40.60 320 units $15.60 260 units $40.60 415 units s20.60 400 units s40.60 115 units $25.60 $18,764 840 units 1, 065 units Totals 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. KPrev 3 of 9ll Next>