Required information Use the following information for the Exercises 11-13 below. (Algo) [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 Activities Beginning inventory Units Acquired at Cost Units Sold at Retail 50 units @ $2 = $ 100 January 31 Sales 34 units @ $ 8 February 14 Purchase 78 units @ $3 = $ 234 February 15 June 30 Sales Purchase 70 units @ $ 8 100 units. @ $4= $ 400 November 6 Sales 92 units @ $ 8 November 19 Purchase 24 units @ $5 = Totals 252 units $ 120 $ 854. 196 units