Required informetion [The following information appies to the questions displayed below] Hemming Company reported the following current-year purchases and sales for its only product. Requited: Hernming uses a peripetual irvetitory systern 1. Oetermine the costs assigned to ending inventory and to cost of goods soid using FFO. 2. Delermine the costs assigned to ending inventory and to cost of goods sold using Uto 3. Compute the gross piofit tor FIFO method and LiFO method