Required information (The following information applies to the question inyed below! Homming Co reported the following current year purchases and sales for its only product EN The nite 11. - 40 units 248 . an. 1 winning inventory an 10 Sales Mar 14 Purchase 1 Sales wyse Purchase Det. Sales Oct. Purchase Totals 11.11 its its $4.10 1 ts - 1.400 120.20 1.100 Required: Hemming uses 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 Determine the costs assigned to ending inventory and to cost of goods sold uning PIPO Perpetual FIFO Goods Purchase cou of Goode od inforce sof Cost per of units Cost of Goods Cost Date Inventory units of units sola Balance January 200 513,20 $ 3.00 Larry 10 March 14 sold Coat per un per un March 16 July 30 October 20 Total $ 0.00 Required 2 > Required information The following me to the oveniane pod below Hemming Co reported the following current year purchases and sales for its only product De Uit het ht 1 metery Hot 100 Jan 10 Sales 340 units 141 4 Purchase units are Mulya acha nie. Oct. Salus Ot Purchase 1 12.20 5076 fatale 140 17, 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 c013 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 Required 2 Required Determine the costs assigned to ending inventory and to cost of goods sold using Uro. Perpetual Life Cost of Good Bold of units Coat Cost of Goods boid por unit Sold Det Cost per Inventory.balance Cout of ons Inventory Balance 200513205 3,000.00 my nuary 10 March 14 Mach 18 30 Odur Taal 0.00 Required information The following information applies to the questions displayed below.) Hemming Co. reported the following current-year purchases and sales for its only product Date Activities Units Acquired at cost Units Sold at Retail art 1 Beginning inventory 230 units 13.20-13,696 Jan. 18 Sales 240 units 14.20 Mar. 34 Purchase 460 units @ $13.20 3,372 Mar.IS Sales 410 units 543.28 July 30 Purchase 480 units $23.20 11.130 oct. Sales 450 units @ $43.20 Oct. 26 Purchase 100 units @ $28.20 3.976 Totals 1.4e units 528,280 1.100 units Required: Hemming uses o 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 mergin for FIFO method and LIFO method. Complete this questions by entering your answers in the below tabs. Required 1 Required 2 Required Compute the gross margin for FIFO method and uro method. FIFO LIFO: Sales revenue Less Cost of goods sold Gross margin