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Required information 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 Date Activities Units Acquired at Coit Drita selat Retail January 1 Beginning Inventory 190 units $2$300 January 3 Sales 122 units S8 February 14 Purchase 300 unit: e $3.900 February 15 Sales 210 units $8 June 30 Purchase 240 units 4.960 November 6 Sales 176 units November 19 Purchase 10 units P $ 5.500 Totals 10 units 2.640 son unite $ Exercise 5-11 (Algo) Perpetual: Inventory costing methods--FIFO and LIFO LO P1 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. Required A Required B Required Determine the costs assianed to ending inventory and to cost of coods sold using FIFO. Totals 310 units 2,640 ses units Exercise 5-11 (Algo) Perpetual: Inventory costing methods-FIFO and LIFO LO P1 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. Required A Required Required Compute the gross profit for each method FIFO LIFO Sales revenue Cost of goods sold Gross profit OS

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