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Required information Use the following information for the Exercises 1113 below. (Algo) [The following information applies to the quesions displayed below] Tree Seedings has the following current-year puichases and sales for its only product Exercise 5-11 (Algo) Periodic: Inventory costing methods-FIFO and LIFO LO P3 The company uses a periodic inventory system 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO 2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO 3. Compute the gross profit for each method 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 FIFO. Complete this question by entering your answers in the tabs belov Determine the costs assigned to ending inventory and to cost of goods so Compute the gross profit for each method