ANSWER ONLY WHAT IS PROVIDED PLEASE (BLUE OUTLINED BOXES)

0 Required information [The following information applies to the questions displayed below) Hemming Company reported the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning Inventory 280 units $13.20 $ 3,696 January 10 Sales 240 units $43.20 March 14 Purchase 460 units $18.20 - 8,372 March 15 Sales 410 units $43.20 July 30 Purchase 480 units $23.20 - 11,136 October Sales 450 units # $43.20 October 26Purchase 180 unita $28.20 - 5,076 Totals 1.400 unito $ 28,280 1,100 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 profit for FIFO method and LIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Determine the costs assigned to ending inventory and to cost of goods sold using FIFO Rate Goods Purchased # of units Cost per unit Perpetual FIFO Cost of Goods Sold #of units sold Cost per Cost of Goods Sold unit Inventory Balance Cost per Inventory unit Balance January 1 of units January 10 March 14 Required information Required 1 Required 2 Required 3 Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO Perpetual FIFO Goods Purchased Cost of Goods Sold Date of units Cost per of units sold Cost per unit Cost of Goods Sold unit January 1 January 10 Inventory Balance Cost per Inventory Balance # of units March 14 Total March 14 March 15 Total March 15 July 30 Total July 30 October 5 Total October 5 October 26 Totals $ 0.00 Powd