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. January 1 Activitino Beginning inventory January 3 Sales February 14 Purchase Purchase November 6 Sales November 19 Purchase Totals 50 units Units Acquired at Cost $2-$100 Units Sold 34 units 858 78 units @$3 - $234 20 units 858 100 units $4-$400 92 units 958 24 units: $120 252 units $ 854 196 units The company uses a periodic 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. equired A Required b Required C assigned to ending inventory and to cost of goods sold using FIFO. The company uses a periodic 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 B Required C Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Periodic Inventory System Ending Inventory Cost of Goods Sold FIFO Required B > November 19 Purchase Totals 24 units 252 units ess 5120 $854 196 units The company uses a periodic 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 B Required C Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Cost of Periodic Inventory System Ending Inventory Goods Sold LIFO < Required A Required C > Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the gross profit for each method. FIFO LIFO < Required B 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 Beginning inventory January 3 Sales February 14 February 15 June 30 November 6 November 19 Purchase Sales Purchase Sales Purchase Totals Units Acquired at Cost Units Sold at Retail 50 units @ $2 $ 100 34 units @$8 78 units @ $3 = $ 234 70 units: 100 units @ $4- $ 400 92 units. @ $8 @ $ 8 24 units 252 units @ $5-> $ 120 $854 196 units The company uses a periodic 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 B Required C 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 b. Determine the costs assigned to ending inventory and to cost of goods sold c. Compute the gross profit for each method. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using F Periodic Inventory System Ending Cost of Inventory Goods Sold FIFO Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using LIFO. Periodic Inventory System Ending Inventory Cost of Goods Sold LIFO < Required A Required C > Required A Required B Required C Compute the gross profit for each method. FIFO LIFO $ 0 $ 0 < Required B Required