Tree Seedlings has the following current-year purchases and sales for its only product. Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 80 units @ $2 = $ 160 January 3 Sales 46 units @ $ 8 February 14 Purchase 102 units @ $3 = $ 306 February 15 Sales 100 units @ $ 8 June 30 Purchase 130 units @ $4 = $ 520 November 6 Sales 110 units @ $ 8 November 19 Purchase 36 units @ $5 = $ 180 Totals 348 units $ 1,166 256 units