Tree Seedlings has the following current$-$year purchases and sales for its only product.

Required:

The company uses a perlodic 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 margin for each method.

Complete this question by entering your answers in the tabs below.

Required $A$

Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO.

Periodic Inventorv Svstem Endina Inventorv $\_$ Cost of

Required:

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 margin for each method.

Complete this question by entering your answers in the tabs below.

Required $A,$ Required $B$ Required $C$

Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.

$\backslash$table$[[$Periodic Inventory System,Ending Inventory,$\backslash$table$[[$Cost of$],[$Goods Sold$]]],[L,,]]$

Required:

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 margin for each method.

Complete this question by entering your answers in the tabs below.

Required B Required C

Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.

$\backslash$table$[[$Periodic Inventory System,Ending Inventory,$\backslash$table$[[$Cost of$],[$Goods Sold$]]],[$FIFO$,,]]$

Required:

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 margin for each method.

Complete this question by entering your answers in the tabs below.

Required A Required $B$: Required $C$

Compute the gross margin for each method.

$\backslash$table$[[$Gross Margin,FIFO,LIFO$],[1,,],[F,,],[F,$$$,$$