Use these charts to answer the questions.

Check my work The following information applies to the questions displayed below] Hemming Co. reported the following current-year purchases and sales for its only product 300 units $14.00- 4,200 520 unite $19.009,880 500 unite $24.00 12,000 200 unite $29.005,800 Sold at aetil1 250 units $44.00o 460 units $44.00 480 unite $44.00 Sales Oct.5 Sales Totals $31,880 1,190 unite 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. the costs assigned to ending inventory and to cost of goods sold using FIFO FIFO: LIFO: 1 of 2 d of 300 $14.004,200.00 14 26 Totals S 0.00 2 3 of 3 Next > 3. Compu te the gross margin for FIFO method and LIFO method. Complete thls questions by entering your answe rs in the below tabs Required 1Required 2 Required 3 Compute the gross margin for FIFO method and LIFO method. FIFO LIFO Sales revenue Less: Cost of goods sold Gross margin