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Required information (The following information applies to the questions displayed below) Tree Seedlings has the following cumert year purchases and sales for its only
Required information (The following information applies to the questions displayed below) Tree Seedlings has the following cumert year purchases and sales for its only product January January 3 Activitie Begiming inventory February 14 Feary 15 Sales November sales Movember 19 Purchase Units Aed test 148 42 1108 1 ts 236 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 Compute the gross profit for each method. ORD Required
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