Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Determine the costs assigned to ending inventory and to cost of goods sold using LFO. Required information 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. Required: The company uses a perpetual inventory system. a. Determine the costs assigned to ending inventory and to cost of goods sold using FFO. b. Determine the costs assigned to ending inventory ond to cost of goods sold using UFO. c. Compute the gross profit for each method. Complete this question by entering your answers in the tabs below. Compute the gross profit for each method. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Pant of 3} & \multirow{2}{*}{\begin{tabular}{l} Nais \\ January 1 \\ \end{tabular}} & \multicolumn{2}{|c|}{ Nof units } & \multirow[t]{2}{*}{\begin{tabular}{c} Costper \\ unit \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{l} Wof units \\ sold \end{tabular}} & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} Cost or Goods \\ Sold \end{tabular}} & \multicolumn{2}{|c|}{ N of units } & \begin{tabular}{c} Costper \\ unit \end{tabular} & \multicolumn{2}{|r|}{\begin{tabular}{c} Inventory \\ Balance \end{tabular}} \\ \hline & & & & & & & & & & 150 & at & & & \\ \hline & January 3 & & & & 106 & at & & & & 3 & at & & & \\ \hline \multirow{3}{*}{\begin{tabular}{l} 1 \\ poins \end{tabular}} & \multirow{2}{*}{ February 14} & 228 & at & 53.00 & & & & & & 684 & & & & \\ \hline & & & & & & & & & & 288 & at & $3.00 & = & 864.00 \\ \hline & Total February 14 & & & & & & & & & & & & & $864.00 \\ \hline eHook & & & & & & & & & & & & & & \\ \hline Dint & Fobtuary is & & & & & Bt & $3.00 & = & 0.00 & & at & & & \\ \hline \multirow[t]{13}{*}{ Hefecences } & Total Fobruary 15 & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & \\ \hline & June 30 & & & & & & & & & & & a & & \\ \hline & & & & & & & & & & & & & & \\ \hline & Total June 30 & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & \\ \hline & Novomber 6 & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & \\ \hline & Total Nowember 6 & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & \\ \hline & Novernber 19 & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & \\ \hline & & & & & & & & & & & & & & \\ \hline & Totals & & & & & & & & 0.00 & & & & & \\ \hline \end{tabular}