Date Required information [The following information applies to the questions displayed below.) Tree Seedlings has the following current-year purchases and sales for its only product. Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning inventory 180 units @ $2 = $ 360 Jan. 3 Sales 118 units @ $8 Feb. 14 Purchase 282 units @ $3 = $ 846 Feb. 15 Sales 200 units @ $8 June 30 Purchase 230 units @ $4 = $ 920 Nov. 6 Sales 170 units @ $8 Nov. 19 Purchase 76 units @ $5 = $ 380 Totals 768 units $2,506 488 units Required: The company uses a periodic inventory system. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. b. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. c. Compute the gross profit for each method. Complete this question by entering your answers in the tabs below. Required A Required B Required Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Periodic Inventory System Ending Inventory Goods Sold Cost of FIFO Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Periodic Inventory System Ending Inventory Goods Sold Cost of LIFO Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the gross profit for each method. FIFO LIFO