accounting- pls help! Type answer!

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 Jan. 1 Beginning inventory 295 units @ $13.80 = $ 4,071 Jan. 10 Sales 240 units @ $43.80 Mar. 14 Purchase 480 units @ $18.80 = 9,024 Mar.15 Sales 420 units @ $43.80 July30 Purchase 495 units @ $23.80 = 11,781 Oct. 5 Sales 465 units @ $43.80 Oct.26 Purchase 195 units @ $28.80 = 5,616 Totals 1,465 units $30,492 1,125 units 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. Required information 5 Perpetual FIFO: Goods Purchased #of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory # of units Balance 295 $13.80 $ 4,071,00 unt Part 1 of 2 Date January 1 January 10 March 14 833 points 8 00:30 March 15 July 30 October + October 26 Perpetual LIFO: Goods Purchased # of units unit Date Cost per Cost of Goods Sold # of units Cost of Goods sold unit Sold Cost per Inventory Balance Cost per Inventory # of units unit Balance 295 @ $ 13.80 = $ 4,071.00 January 1 January 10 March 14 March 15 July 30 October 5 October 26 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 Compute the gross margin for FIFO method and LIFO method. FIFO: LIFO: Sales revenue Less: Cost of goods sold Gross margin