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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 product Units Acquired at

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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 product Units Acquired at cost 210 units @ $2 - $ 420 Units sold at Retail 130 units @$ Date January 1 January February 14 February 15 June 30 336 units @ $3- Activities Beginning inventory Sales Purchase Sfiles Purchase Sales Purchase $ 1,008 230 units S8 260 units 54 - $ 1,040 November 6 November 19 188 unit $8 88 units $5 Totals $ 440 S 2.908 894 units 548 units The company uses a periodic inventory system o. 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. The company uses a periodic inventory system Book a. Determine the costs assigned to ending inventory and to cost of goods sold using b. Determine the costs assigned to ending inventory and to cost of goods sold using C. Compute the gross profit for each method. Print Complete this question by entering your answers in the tabs below. o Terences Required A Required B Required Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Periodic Inventory System Ending Inventory Cost of Goods Sold FIFO Required B > The company uses a periodic 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 a Determine the costs assigned to ending Inventory and to cost of goods sold using LIFO. Periodic Inventory System Ending Inventory Goods Sold Cost of LIFO The company uses a periodic inventory system. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIP b. Determine the costs assigned to ending inventory and to cost of goods sold using LIF c. Compute the gross profit for each method. 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 $ 0 $

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