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Use the following information for the Exercises 11-13 below. (Algo) Skip to question [The following information applies to the questions displayed below.] Tree Seedlings has

Use the following information for the Exercises 11-13 below. (Algo) Skip to question [The following information applies to the questions displayed below.] 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 60 units @ $2 = $ 120 January 3 Sales 38 units @ $ 8 February 14 Purchase 86 units @ $3 = $ 258 February 15 Sales 80 units @ $ 8 June 30 Purchase

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