Activities Beginning inventory Tree Seedlings has the following current-year purchases and sales for its only product. Date January 1 Units Acquired at Cost 40 units $2 - Units Sold at Retail $ 80 January 3 Sales 30 units @ $8 February 14 February 15 Purchase Sales 70 units $3 - $ 210 60 units @ $8 June 30 Purchase 90 units $4 - $ 360 November 6 Sales 86 units 8 $8 November 19 Purchase 20 units $5- Totals 220 units $ 100 $ 750 176 units Activities Beginning inventory Tree Seedlings has the following current-year purchases and sales for its only product. Date January 1 Units Acquired at Cost 40 units $2 - Units Sold at Retail $ 80 January 3 Sales 30 units @ $8 February 14 February 15 Purchase Sales 70 units $3 - $ 210 60 units @ $8 June 30 Purchase 90 units $4 - $ 360 November 6 Sales 86 units 8 $8 November 19 Purchase 20 units $5- Totals 220 units $ 100 $ 750 176 units