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Required Information [The following mformation applies to the questions displayed below. Hemming Company reported the following current-year purchases and sales for its only product. Required: Hemming uses a perpetual inventory system. 1. Determme the costs assigned to ending inventory and to cost of goods sold using FiFO 2. Determine the costs assigned to ending invertory and to cost of goods sold using LIFO 3. Compure the gross profit for FiFO method and LiFO method Complete this question by entering your answers in the tabs below. Decermine the conts atrighed to ending inversory and to cour of goods sild uahg FiFO