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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 280 units @ $ 80/unit Feb. 10
Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 280 units @ $ 80/unit Feb. 10 purchased 195 units @ $ 84/unit Feb. 20 sold 360 units @ $ 160/unit Mar. 13 purchased 290 units @ $ 78/unit Sept. 5 purchased 255 units @ $ 64/unit Oct. 10 sold 510 units @ $ 160/unit Gale Company employs a perpetual inventory system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold us
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