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Gale Company has the following inventory and purchases during the fiscal year ended December 3 1 , 2 0 2 3 . Beginning Inventory 2
Gale Company has the following inventory and purchases during the fiscal year ended December
Beginning Inventory units @ $ unit
Feb. purchased units @ $ unit
Feb. sold units @ $ unit
Mar. purchased units @ $ unit
Sept. purchased units @ $ unit
Oct. sold units @ $ unit
Gale Company employs a perpetual inventory system.
Required:
Calculate the dollar value of ending inventory and cost of goods sold using: Round your intermediate calculations and final answers to decimal places. FIFO ending inventory cost of goods and solds, moving weighted average ending inventory cost of goods and solds.
Using your calculations from Part complete the following schedule: Round your intermediate calculations and final answers to decimal places. FIFO sales, goods of costs,gross profit, moving weighted average sales, goods of costs, gross profit. full explanation answer
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