Use the following information for the Exercises below. The following oformation apples to the quesnons dsplayed below Hemming Co, teported the following current-yea par chases and sales for its only product 25nEs$11.09- 2,4 an. Sales seeunits #$41.00 uly 39 Purchase Oct Sales 42Sunits 521. 8,925 Exercise 6-7 Perpetual: Inventory costing methods-FIFO and LIFO LO P Required Hemming uses a perpetuel eventory system . Determine the costs assigned to ending inventory and to cost of goods sold using FIFO 2. Determinme 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 ethe costs asegned to "ventory and to cost of ooods sold usea rro. 0.00 2501 0 Type here to search Use the following information for the Exercises below. The following oformation apples to the quesnons dsplayed below Hemming Co, teported the following current-yea par chases and sales for its only product 25nEs$11.09- 2,4 an. Sales seeunits #$41.00 uly 39 Purchase Oct Sales 42Sunits 521. 8,925 Exercise 6-7 Perpetual: Inventory costing methods-FIFO and LIFO LO P Required Hemming uses a perpetuel eventory system . Determine the costs assigned to ending inventory and to cost of goods sold using FIFO 2. Determinme 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 ethe costs asegned to "ventory and to cost of ooods sold usea rro. 0.00 2501 0 Type here to search