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 vi Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory Jan.10 Sales Har.14 Purchase Mar.15 Sales July30 Purchase oct. 5 Sales oct.26 Purchase 235 units$11.40- 2,679 360 units $16.405,904 435 units$21.409,309 135 units, $26.40 3,564 170 units$41.40 290 units$41.40 410 units$41.40 Totals 1,165 units $21, 4596 97 unite $21,456 870 nits 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 sald using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold alane #ofunits--. Cost-C Cost of Goods! Date Cost #af units of units Cost per unit Sold MacBook Air