Required infor The following les to the questions displayed below) Hemming Company reported the following current-year purchases and sales for its only product. Data Retivities Units Aequired 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 - March 15 Sales 350 units 542.20 July 30 Purchase 455 unita # $22.20 - 10.101 Otober Sales 430 units # $42.20 October 26 Parehase 155 unita $27.20 - 4.216 Totals 1.275 units $24.480 990 units 7,052 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 a Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 46 Date Goods Purchased of units Cost per unit Perpetual Coat of Goods Sold of units sold Cost per Cost of Goods Sold uni January 1 of Center 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 Total July 30 October Total October 5 October 26 Totals Required 2 > Prey 1 of 34 3 Next >