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Required information (The following information applles to the questions dispiayed below.]. Tree Seedilings has the following current-year purchases and sales for its only product. Required:

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Required information (The following information applles to the questions dispiayed below.]. Tree Seedilings has the following current-year purchases and sales for its only product. 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. Totals Required B Compute the gross profit for each method

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