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

[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 130 units @ $2= $ 260
January 3 Sales 98 units @ $ 8
February 14 Purchase 192 units @ $3= $ 576
February 15 Sales 150 units @ $ 8
June 30 Purchase 180 units @ $4= $ 720
November 6 Sales 140 units @ $ 8
November 19 Purchase 56 units @ $5= $ 280
Totals 558 units $ 1,836388 units
Record journal entries for Tree Seedlings sales and purchases transactions. Assume for this assignment that the company uses a perpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered.
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