Required information Skip to question [The following information applies to the questions displayed below.] 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 230 units @ $2 = $ 460 January 3 Sales 138 units @ $ 8 February 14 Purchase 372 units @ $3 = $ 1,116 February 15 Sales 250 units @ $ 8 June 30 Purchase 280 units @ $4 = $ 1,120 November 6 Sales 220 units @ $ 8 November 19 Purchase 96 units @ $5 = $ 480 Totals 978 units $ 3,176 608 units The company uses a periodic inventory system. Determine the costs assigned to ending inventory and to cost of goods sold using