please complete all the question.

Required information Use the following information for the Exercises below [The following information applies to the questions displayed below] Hemming Co. reported the following current-year purchases and sales for its only product. Activities Units Acquired at Cost 265 units $12.60 Units Sold at Retail Date Jan. 1 Beginning inventory Jan. 10 Sales Mar. 14 Purchase 3,339 225 units @ $42.60 430 units $17.60 7,568 370 units $42.60 Mar. 15 Sales July 30 Purchase 465 units @ $22.60 10,509 440 units @ $42.60 Oct. 5 Sales 165 units @$27.60 Oct. 26 Purchase 4,554 1,325 units $25,970 1,035 units Totals Exercise 5-7 Perpetual: Inventory costing methods-FIFO and LIFO LO P1 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 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO Perpetual FIFO: Cost of Goods Sold Cost per unit Goods Purchased Inventory Balance Cost per unit Cost per unit #of units #of units sold Cost of Goods Sold Inventory Balance Date #of units January 1 265@ $ 3,339.00 $12.60 January 10 March 14 March 15 July 30 October 5 October 26 $ 0.00 Totals Required 2 Required 1 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 LIFO Perpetual LIFO: Goods Purchased Cost of Goods Sold Cost per Inventory Balance Cost per unit Cost per unit #of #of units sold Cost of Goods Sold Inventory Balance Date # of units units unit January 1 265@ S 3,339.00 $12.60 January 10 March 14 March 15 March 15 July 30 October 5 October 26 Totals 0.00 Required 1 Required 3 Complete this questions by entering your answers in the below tabs. Required 1 Required 3 Required 2 Compute the gross margin for FIFO method and LIFO method. LIFO: FIFO: Sales revenue Less: Cost of goods sold Gross margin