Required infor The following dies to the questions displayed below) Hemming Company reported the following current-year purchases and sales for its only product Data Metivities Units Required at Coat Unit Bold at Retail January 1 Teginning inventory 255 unita $12.20- $ 3,111 January 10 Sales 210 units $42.20 March 14 Purchase 410 unito + 517.20 - 7,052 March 15 Sales 350 units # $42.20 July 30 Purchase 455 unita $22.20 - 10.101 Otober Sales 430 units # $42.20 October 26 Purchase 155 units $27.20 - 4.216 Totals 1.275 units $ 24,480 990 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 1 Required 2 Required 46 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual Goods Purchased Coat of Goods Sold Cost per of units of units sold Cost per Cost of Goods Solid unit unit January 1 Date my os Com January 10 March 14 Total March 14 March 15 Total March 15 July 30 Total July 30 BE Next > March 15 Total March 15 July 30 32 Total July 30 October 5 Total October 5 October 26 Totals Required 2 > Prey 1 of 34 35 Next > Determine the costs assigned to ending Inventory and to cost of goods sold using LIFO. Date Goods Purchased Cost per # of units unit Perpetual LIFO: Cost of Goods Sold of units Cost per Cost of Goods sold unit Sold Invertery Balans of units Couper Inventory uni Balance January 1 January 10 March 14 Total March 14 March 15 Total March 15 July 30 + Total July 30 October 5 Total October 5 Next > 1 of 34 1 Prey Required information March 14 Total March 14 March 15 53 Total March 15 1 July 30 Total July 30 October 5 Total October 5 October 26 Totals Required 3 >