Date Use the following information for the Exercises 11-13 below. (Algo) [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 Aequired at cost Units Sold at Retail January 1 Beginning inventory 160 unito $2$ 320 January 3 Sales 110 units $8 Tebruary 14 Purchase 246 units # $3 - $ 738 February 15 Sales 180 units 258 Purchase 210 units November 6 Sales 158 units #$ November 19 Purchase 68 units 55 - 5340 Totals 684 units 2,238 June 30 $ 448 unita Exercise 5-11 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Required: The company uses a perpetual 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. Perpetual EIFO Date Goods Purchased Cost per of units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per of units Inventory unit Balance