Tree Seedlings has the following current-year purchases and sales for its only product. Units Acquired at Cost Date January 1 Activities Beginning inventory January 3 Sales February 14 February 15 June 30 November 6 November 19 Purchase Sales Purchase Sales Purchase Totals Units Sold at Retail 50 units @ $2 = $ 100 34 units 78 units @ $3= $ 234 70 units 100 units @ $4 == $ 400 92 units @ $ 8 @ $ 8 @ $8 24 units 252 units @$5 = $ 120 $ 854 196 units The company uses a periodic inventory system. a. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Chung 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the gross profit for each method. FIFO LIFO Sales Cost of goods sold Gross profit $ 0 0