Maps Medicaid / CHIP Pr. Paylocity Impact Login TRICARE Online Alamo Colleges Lo... ework Saved . .. .. . . . ..... P Units Acquired at Cost 270 units @ $12.80 - $3,456 Units sold at Retail 400 units @ $17.89 - 7,120 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase Mar.15 Sales July 30 Purchase Oct. 5 Sales Oct. 26 Purchase Totals 220 units @ $42.80 340 units @ $42.89 440 units @ $42.80 470 units @ $22.80 - 10,716 170 units @ $27.80 - 1,310 units 4,726 $26,018 1,000 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 margin for FIFO method and LIFO method. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required 3 Proy 1 of 1 !!! Next