please answer question in the same format thank you!!

3 Required information [The following information applies to the questions displayed below] Hemming Company reported the following current-year purchases and sales for its only product. 1.11 boi Units sold at Retail Units Acquired at cost 210 units e $10.40 12.184 170 units @$40.48 310 units e $15.40 4,774 Date January 1 January 10 March 14 March 15 July 30 October 5 October 26 270 units $40.40 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 410 units @ $20.40 8,364 389 units @$48.48 110 units 1,10 units $25.40 2,294 $ 18,116 820 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 profit for FIFO method and LIFO method Goods Purchased Cost W of its per Perpetual FIE: Cost of Goods Sold Cost Cost of Goods per unit Sold # of units sold # of units Inventory Halance Cost Inventory per unt Balance $10.40 $ 2,184 00 210 lat January 1 January 10 170 310 $ 1540 March 14 at $ 15,40 Total March 14 March 15 Total March 15 July 30 Total Joly 30 October 5 Total October 5 October 26 Total 5 0.00 Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Date Goods Purchased Cost w of units per unit Perpetual LI Cost of Goods Sold # of units Cost Cost of Goods sold per unit Sold Inventory Balance Cost W of units Inventory per Balance unit January 1 January 10 March 14 Total March 14 March 15 Total March 15 July 30 Total July 30 October 5 Total October 5 October 26 an Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the gross profit for FIFO method and LIFO method. FIFO LIFO Sales revenue Less: Cost of goods sold Gross profit