! 5 Required information [The following information applies to the questions displayed below.] Part 2 of 2 Tree Seedlings has the following current-year purchases and sales for its only product. Date January 1 January 3 February 14 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase Sales Purchase Sales Units Acquired at Cost 110 units Units Sold at Retail 156 units @ $2 = $ 220 @ $3 = $ 468 90 units 130 units @ $ 8 @ $ 8 160 units @ $4- $ 640 128 units @ $ 8 Purchase Totals 48 units 474 units @ $5 - $ 240 $ 348 units 1,568 Record journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. View transaction list View journal entry worksheet