Gale company had the following inventory and purchases diring the fiscal year ended december 31, 2023.

Begining inventory. 340 units @ $78/unit

Feb . 10 Purchased 255 units @ $82/unit

Feb. 20 Slod. 420 units @ $158/unit

Mar. 13 Purchased. 241 units @ $76/unit

Sept. 5 Purchased. 305 units @ $62/unit

Oct. 10 Sold. 560 units @ $158/unit

Gale company employs a perpetual system.

1. Calculate the dollar value of ending inventory and cost of goods sold using: (round your intermediate calculations and final answwrs to 2 decimal places).

Ending. Cost of good

inventory. sold

a. FIFO

b. Moving weight

average

2. Using your calculations feom part 1, complete the following schedule: ( eound your intermediate calculations and final answers to 2 decimal places.)

FIFO. Moving weighted

average

a. Sales

b. Cost of goods

sold

c. Gross profit