Tree Seedlings has the following current-year purchases and sales for its only product. Date Activities Jan. 1 Beginning inventory Jan. 3 Sales Feb. 14 Purchase Feb. 15 Sales 50:15 June 30 Purchase Nov. 6 Sales Nov. 19 Purchase k Totals ces Units Acquired at Cost Units Sold at Retail 52 units @ $2 = $ 104 36 units @$8 84 units @ $3 = $ 252 72 units @ $8 24 units @ $5 330 units 170 units @ $4 = $ 680 = $ 120 $1,156 98 units @ $8 206 units 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. Check my work