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I'm stuck can someone help with calculations Use the following information for the Exercises 11-13 below. (Algo) [The following information applies to the questions displayed
I'm stuck can someone help with calculations
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 Date January 1 January 3 February 14 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Units Acquired at Cost Units Sold at Retail 210 units @ $2 = $420 130 units @ $8 336 units @ $3 = $1,008 230 units @ $8 260 units @ $4 = $1,040 188 units @ $8 88 units @ $5 = $440 894 units $ 2,908 548 units Totals Exercise 5-11 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 Requlred: 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 aStep by Step Solution
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