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 130 units @ $2 = $ 260 January 3 Sales 98 units @ $ 8 February 14 Purchase 192 units @ $3 = $ 576 February 15 Sales 150 units @ $ 8 June 30 Purchase 180 units @ $4 = $ 720 November 6 Sales 140 units @ $ 8 November 19 Purchase 56 units @ $5 = $ 280 Totals 558 units $ 1,836 388 units