Use the following information for the Exercises 11-13 below. (Algo) [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Units Acquired at Cost 90 units 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 120 units 140 units 40 units 390 units @ $2 - $ 180 @ $3- $360 @ $4- @ $5 $ 560 $ 200 $ 1,300 Units Sold at Retail 66 units 110 units 116 units 292 units @ $ 8 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. @ $ 8 @ $8 Exercise 5-13A (Algo) Periodic: Inventory costing methods-FIFO and LIFO LO P3

Complete this question by entering your answers in the tabs below. Determine the costs assigned to ending inventory and to cost of goods sold using LIFo. Complete this question by entering your answers in the tabs below. Compute the gross profit for each method. Use the following information for the Exercises 1113 below. (Algo) [The following information applies to the questions displayed below.] Tree Seedlings has the following current-year purchases and sales for its only product. Exercise 5:13A (Algo) Periodic: Inventory costing methods-FIFO and LIFO LO P3 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. Exercise 5-13A (Algo) Periodic: Inventory costing methods-FIFO and LIFO LO P3 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. Required information Use the following information for the Exercises 1113 below. (Algo) [The following information applies to the questions displayed below] Tree Seedlings has the following current-year purchases and sales for its only product