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2 10 points eBook Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory Feb. 10 purchased
2 10 points eBook Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 Sept. 5 Oct. 10 sold purchased purchased 360 units @ $ 74/unit 275 units @ $ 78/unit 440 units @ $154/unit 225 units @ $ 72/unit 325 units @ $ 58/unit 580 units @ $154/unit Gale Company uses a periodic inventory costing system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using: (Round your intermediate calculations and final answers to 2 decimal places.) a. FIFO b. Moving weighted average Ending inventory Cost of goods sold
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