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Required information Use the following information for the Exercises 11-13 below. (Algo) 14.28 [The following information applies to the questions displayed below.] points Tree Seedlings has the following current-year purchases and sales for its only product. Units Sold at Date Activities Units Acquired at Cost Retail eBook Jan. 1 Beginning inventory 100 units @ $2 = $ 200 Jan. 3 Sales 86 units @ $8 Feb. 14 Purchase 138 units @ $3 = $ 414 Feb. 15 Sales 120 units @ $8 References June 30 Purchase 150 units @ $4 = $ 600 Nov. 6 Sales 122 units @ $8 Nov . 19 Purchase 44 units @ $5 = $ 220 Totals 432 units $1, 434 328 units Exercise 5-11 (Algo) Periodic: Inventory costing methods-FIFO and LIFO LO P1 Required: 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. Complete this