Tree Seedlings has the following current year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail Jan. 1 Beginning Inventory 40 units @ $2=$ 80 Jan. 3 Sales... 30 units @ $8 Feb. 14 Purchase 70 units @$3 $210 Feb. 15 Sales... 60 units @ $8 June 30 Purchase 90 units $4 $360 Nov. 6 Nov. 19 Sales..... Purchase 86 units @ $8 20 units $5-$100 Totals 220 units $750 176 units