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 January 3 Activities Beginning inventory Units Acquired at Cost 210 units Units Sold at Retail $2- $420 Sales 130 units 058 February 14 $ Purchase 336 units 853- 1,008 February 15 Sales 230 units 058 June 30 Purchase 260 units 854 $ 1,040 November 6 November 19 Sales Purchase 188 units 058 88 units $5 $ 440 $ Totals 894 units 548 units 2,908 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.