omework ! Saved Activities Beginning inventory Sales 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. Date: January 1 January 3 100 units February 14 February 15 June 30. November 61 November 19 Purchase Sales Purchase Sales Purchase 138 units Units Acquired at Cost @$2 = $ 200 @ $3. Units Sold at Retail 86 units $ 414 120 units @ $8 858 150 units @$4- $ 600 122 units @$8 44 units @ss $ 220 $ Totals 432 units 32B units 1,434 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.