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Tree Seedlings has the following current$-$year purchases and sales for its only product.

Date Activities Units Acquired at Cost Units Sold at Retail

January $1$ Beginning inventory $90$ units @ $$2=$ $ $180$

January $3$ Sales $66$ units @ $ $8$

February $14$ Purchase $120$ units @ $$3=$ $ $360$

February $15$ Sales $110$ units @ $ $8$

June $30$ Purchase $140$ units @ $$4=$ $ $560$

November $6$ Sales $116$ units @ $ $8$

November $19$ Purchase $40$ units @ $$5=$ $ $200$

Totals $390$ units $ $1,300292$ units

Record journal entries for Tree Seedlings$$ sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered.

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