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 February 14 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Units Acquired at Cost Units Sold at Retail 100 units @ $2 - $ 200 86 units @ $ 8 138 units @ $3 - $ 414 120 units @ $8 150 units @ $4 - $ 600 122 units @ $ 8 44 units @ $5 - $ 220 $ 432 units 1,434 328 units Totals 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. Required A Required B Required C Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Cost of Goods Sold # of units Cost Cost of Goods sold per unit Sold Goods Purchased Cost # of units per unit Date Inventory Balance Cost # of units Inventory per unit Balance January 1 January 3 February 14 Total February 14 February 15 Total February 15 June 30 Total June 30 November 6 Total November 6 November 19 Totals $ 0.00 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 Sales revenue Cost of goods sold Gross profit $ 0 $ 0