Question: Srait Submit 4 20 points Required information The following information applies to the questions displayed below) Tree Seedlings has the following current-year purchases and sales
Srait Submit 4 20 points Required information The following information applies to the questions displayed below) Tree Seedlings has the following current-year purchases and sales for its only product. DALS Activities Onits Aequired at Coat Units sold at Retail January 1 Beginning inventory 180 units # $2 - $360 January 3 Sales 118 unita February 14 Purchase 282 units # $3-$846 February 15 Sales 200 units a June 30 Purchase 230 unita $ 4920 November 6 Sales 170 unit November 15 Purchase 76 units +55 280 . Totala 768 units 2,506 45 units Required: The company uses a perpetual 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 question by entering your answers in the tabs below. Recured Required B Required
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