oped ook sk rint rences ! 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 February 14 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals Required: The company uses a perpetual inventory system. Units Acquired at Cost Units Sold at Retail 220 units @ $2$ 440 @ $8 354 units Required A Required B Required C 270 units 92 units 936 units @ $3 = @ $4= Complete this question by entering your answers in the tabs below. Prey $ 1,062 $ 1,080 @$5 $460 $ 3,042 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 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. 1 of 3 134 units w www m 240 units 204 units 578 units Next > @ $8 @ $ 8 Check my work

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. The a. Determine the costs dissigned 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. Determine the costs assigned to ending inventory and to cost of goods sold using fIFO. (1) Required information Required information \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Date } & \multicolumn{2}{|c|}{ Goods Purchased } & \multicolumn{3}{|c|}{ Cost of Goods Sold } & & \multicolumn{3}{|c|}{ Inventory Balance } \\ \hline & \# of units. & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \begin{tabular}{l} of units \\ sold \end{tabular} & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \multicolumn{2}{|r|}{\begin{tabular}{l} Cost of Goods \\ Sold \end{tabular}} & \# of units & \multirow[t]{2}{*}{\begin{tabular}{c} Cost per \\ unit \end{tabular}} & \multirow[t]{2}{*}{\begin{tabular}{c} Inventory \\ Balance \end{tabular}} \\ \hline January 1 & & & & & & & & & \\ \hline January 3 & . & & & & & & & & \\ \hline \multirow{2}{*}{ February 14} & & & & & & & + & & \\ \hline & & & & & & & & & \\ \hline Total February 14 & & + & & & & & & & \\ \hline \multirow{2}{*}{ February 15} & & & & ' & & & & & \\ \hline & & & & & & & & + & \\ \hline \multicolumn{10}{|l|}{ Total February 15} \\ \hline \multirow{3}{*}{ June 30} & & & & & & & & & \\ \hline & & &. & & & & & & \\ \hline & & & & & & & 1 & & \\ \hline \multicolumn{10}{|l|}{ Total June 30} \\ \hline & & & & & & & & & \\ \hline \multirow[t]{2}{*}{ November 6} & & 4 & & & & & & & \\ \hline & = & & & A & & & & & \\ \hline \multicolumn{9}{|l|}{ Total November 6} & \\ \hline & & & & & & & & & \\ \hline \multirow{3}{*}{ November 19} & & & & & & & & & \\ \hline & & +- & & & & & & & \\ \hline & & & & & & & s. & & \\ \hline Totals & & & & & & 0.00 & & & \\ \hline \end{tabular}