Tree Seedlings has the following current-year purchases and sales for its only product Date Activities Units Acquired at Cost Units Soldat Retail Jan. 1 Beginning inventory 100 units 52 - 5200 Dan. 3 Sales 86 units @ $8 Feb. 14 Purchase 138 units @ $3-$414 Feb. 15 Sales 120 units @ $8 June 30 Purchase 150 units 51. $ 600 Nov. 6 Sales 122 units @ $8 Nov. 19 Purchase 4 units 55 - $ 220 Totals 432 units $1,434 328 units Required: The company uses a perpetual 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 L.IFO. c. Compute the gross margin for each method. Complete this question by entering your answers in the tabs below. Required Required 8 Required Determine the costs assioned to ending inventory and to cost of goods sold usino FIFO, Prey 1 of 1 Next