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 Units Acquired at Cost 70 units Units Sold at Retail January 3 Sales February 14 February 15 June 30 Purchase Sales November 6 November 19 Purchase Sales Purchese Totals $25 140 42 units 94 units 853-5282 sounits 958 120 units 545400 104 units 32 units 336 units 216 units 1,062 The company uses a periodic inventory system e. 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 > Seved