I really need help completing and understanding this problem. This question has multiple parts. Very much appreciated!!

Part A.

Part B.

Part C.

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. Units Sold at Retail Units Acquired at Cost 290 units @ $13.60 = $ 3,944 260 units @ $43.60 500 units @ $18.60 = 9,300 Date Activities Jan. 1 Beginning inventory Jan.10 Sales Mar.14 Purchase Mar.15 Sales July 30 Purchase Oct. 5 Sales Oct.26 Purchase 430 units @ $43.60 490 units @ $23.60 = 11,564 470 units @ $43.60 = 190 units @ $28.60 1,470 units 5,434 $30, 242 Totals 1,160 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. Complete this questions by entering your answers in the below tabs. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased # of units unit 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 Date January 1 290 @ $ 13.60 $ 3,944.00 January 10 March 14 March 15 July 30 October 5 October 26 Totals Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Inventory Balance Cost per Inventory # of units unit Balance 290 @ $ 13.60 = $ 3,944.00 January 1 January 10 March 14 March 15 July 30 October 5 October 26 Totals Compute the gross margin for FIFO method and LIFO method. FIFO: LIFO: Sales revenue Less: Cost of goods sold Gross margin