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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory 340units@ $ 78/unit Feb. 10 purchased 255units@$

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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory 340units@ $ 78/unit Feb. 10 purchased 255units@$ 82/unit Feb. 20 sold 420units @$ 158/unit Mar. 13 purchased 241 units@$ 76/unit Sept. 5 purchased 305units@$ 62/unit Oct. 10 sold 560units@$ 158/unit Gale Company employs a perpetual inventory 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.) 2. Using your calculations from Part 1, complete the following schedule: (Round your intermediate calculations and final answers to 2 decimal places.)

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