7. Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2017 ***** Beginning inventory 280 Units at $80/ unit Feb. 10 purchased. 195 Units at $84/unit Feb. 20 sold.. 360 Units at $160/unit Mar. 13 purchased 290 Units at $78/ unit Sept. 5 purchased ............. 255 Units at $64/unit Oct. 10 sold 510 units at $160/unit Gale Company employs a perpetual inventory system. Question: I 1.Calculate the dollar value of ending inventory and cost of goods sold using: a. FIFO b. Moving weighted average