Required information The following information applies to the questions displayed beloni Tree Seedilngs has the following currentyear purchases and sales for ts ock preduct. Required: The company uses a perpetual inventory sytem. a. Determine the costs assigned to ending imventory and ta cost of goods wid wing Fifo. b. Determine the costs assigned to ending inventory and to cost of goods soid using tifo. c. Compute the gross profit for each method: Requiced indermatiso Hecuulied: Required information The following information applies to the questions displayed beloni Tree Seedilngs has the following currentyear purchases and sales for ts ock preduct. Required: The company uses a perpetual inventory sytem. a. Determine the costs assigned to ending imventory and ta cost of goods wid wing Fifo. b. Determine the costs assigned to ending inventory and to cost of goods soid using tifo. c. Compute the gross profit for each method: Requiced indermatiso Hecuulied