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Tree Seedlings has the following current-year purchases and sales for its only product. Units Acquired at Cost 160 units @ $2 Date January 1 January
Tree Seedlings has the following current-year purchases and sales for its only product. Units Acquired at Cost 160 units @ $2 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 Required A Required B Required C Periodic Inventory System 246 units 210 units 68 units 684 units Cost of Goods Sold @ $3 Complete this question by entering your answers in the tabs below. @$4 = @ $5 H = $320 $738 $ 840 $340 $ 2,238 4 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Ending Inventory 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 profit for each method. Units Sold at Retail 110 units 180 units 158 units 448 units @ $8 @ $8 @$8
Please solve all three A, B , C and write the answers seperately. Thanks
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