rences 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 161 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 192 unit 180 units 130 units Units Acquired at Cost $2-$260 Units Sold at Retail 98 units 408 $3-$576 150 unit $4720 140 units 858 56 units 555280 $ 558 unita 1,836 388 units 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 Required C Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Goods Purchased Perpetual FIFO Cost of Goods Sold Date of units Cost per of units unit Cost per Cost of Goods unit Sold # of units January 1 January 3 February 14 Total Fab 14 Inventory Balance Cost per unit Inventory Balance