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 Activities Units Acquired at Cost Units Sold at Retail Beginning inventory 210 units @ $2 = $ 420 January 3 Sales 130 units @$8 February 14 February 15 Purchase Sales 336 units @$3- $ 1,008 230 units @ $8 June 30 Purchase 260 units @$4= $ 1,040 November 6 Sales 188 units @ $8 November 19 Purchase 88 units @ $5 $440 Totals 894 units $ 2,908 548 units Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased Cost of Goods Sold Date # of units Cost per # of units unit sold unit Cost per Cost of Goods Sold # of units January 1 January 3 February 14 Total February 14 February 15 Total February 15 June 30 Total June 30 November 6 Total November 6 November 19 Totals Inventory Balance Cost per unit Inventory Balance Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Goods Purchased Perpetual LIFO: Cost of Goods Sold Date # of units Cost per unit # of units sold Cost per Cost of Goods unit Sold # of units Inventory Balance Cost per Inventory unit Balance January 11 January 3 February 14 Total February 14 February 15 Total February 15 June 30 Total June 30 November 6 Total November 6 November 19 Totals Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the gross profit for each method. Sales revenue Cost of goods sold Gross profit FIFO LIFO Required B Required C >