Tree Seedlings has the following current-year purchases and sales for its only product. Units Acquired at Cost 200 units @ $2= $ 400 Date January 1 January 3 February 14 February 15 June 30 November 6 November 19 Activities Beginning inventory Sales Purchase Sales Purchase Sales Purchase Totals 318 units 250 units 84 units 852 units @ $3 = @ $4= $ 954 $ 1,000 @ $5= $ 420 $ 2,774 Units Sold at Retail 126 units 220 units 182 units 528 units @ $ 8 @ $ 8 @ $ 8 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.

Tree Seedlings has the following current-year purchases and sales for its only product. ecord journal entries for Tree Seedlings' sales and purchases transactions. Assume for this assignment that the company uses a erpetual inventory system and LIFO. All sales and purchases are made on account, and no discounts are offered. Journal entry worksheet