Saved ! B 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 Activities Units Acquired at cost Units sold at Retail January 1 Beginning inventory 150 units e $2 - $ 300 January 3 Sales February 14 106 unita Purchase 228 units $3 - $ 684 February 15 170 units Purchase 200 unita # $4 - $ 800 Sales November 19 Purchase $ $ 320 Totals 2,104 28:31 $8 Sales June 30 November 6 @S8 152 units 64 units 642 units $ 428 unita 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. Required a Required B Required Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO Goods Purchased Cost of Goods Sold Inventory Balance MarReal Mix Goods Purchased Date Porpetual FIFO Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold # of units Cost per Inventory Balance # of units Inventory unit Balance unit Cost per 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 Date Goods Purchased of units Cost per unit PerpetualLIFO Cost of Goods Sold #of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per Inventory of units 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 Raamid D 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. 27:43 Complete this question by entering your answers in the tabs below. Required A Required B Required Compute the gross profit for each method, FIFO LIFO Sales revenue Cost of goods sold Gross profit $ 0 $ 0