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Required information [The following information applies to the questions displayed below] Tree Seedings has the following current-year purchases and sales for its only product. Required:

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Required information [The following information applies to the questions displayed below] Tree Seedings has the following current-year purchases and sales for its only product. Required: The company uses a perpetual irweatory 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 soid using LIFO. c. Compute the gross profit for each method

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