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

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 LIFO.

c. Compute the gross margin for each method.

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

Im so sorry about the mass of pictures for this problem, I couldnt figure out how to consolidate them.

Tree Seedlings has the following current-year purchases and sales for its only product. Units Sold at Retail Units Acquired at Cost 110 units @ $2 - $ 220 90 units @ $8 156 units @ $3 - $ 468 Date Activities Jan. 1 Beginning inventory Jan. 3 Sales Feb. 14 Purchase Feb. 15 Sales June 30 Purchase Nov. 6 Sales Nov.19 Purchase Totals 130 units @ $8 160 units @ $4 - $ 640 128 units @ $8 48 units e $5 - $ 240 474 units $1,568 348 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 LIFO. c. Compute the gross margin for each method. Required A Required B Required C Determine the costs assigned to ending Inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Date Inventory Balance # of units Cost per Inventory unit Balance 110 @ $ 2.00 - $ 220.00 January 1 January 3 February 14 February 15 June 30 November 6 November 19 Totals $ 0.00 Required 3 > Required A Required B Required Determine the costs assigned to ending Inventory and to cost of goods sold using LIFO. Perpetual LIFO: Goods Purchased of Cost per units unit Cost of Goods Sold Cost of Goods of units Cost per cost of Good sold unit Sold Date Inventory Balance Cost per Inventory of units Balance 110 @ $ 2.00 - $ 220.00 of units January 1 January 3 February 14 February 15 June 30 November 6 November 19 F T November 19 $ 0.00 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 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. FIFO: LIFO: Sales revenue Cost of goods sold Gross margin $ 0 $ 0