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 100 units Units Sold at Retail @ $2 = $ 200 January 3 Sales February 14 February 15 June 30 November 6 Purchase Sales Purchase 138 units @ $3 = $ 414 86 units 120 units @ $ 8 @ $ 8 150 units @ $4= $ 600 November 19 Sales Purchase 122 units @ $ 8 44 units @ $5 = $ 220 $ Totals 432 units 328 units 1,434 Required: The company uses a perpetual 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. Date # of units Goods Purchased Cost per unit # of units sold Perpetual FIFO: Cost of Goods Sold Cost per Cost of Goods unit Sold # of units January 1 January 3 February 14 Total February 14 Inventory Balance Cost per Inventory unit Balance