Question
Gale Company has the following inventory and purchases during the fiscal year ended December 31,2023. Beginning Inventory 365 units es 73 /unit Feb. 10 purchased
Gale Company has the following inventory and purchases during the fiscal year ended December 31,2023. Beginning Inventory 365 units es 73 /unit Feb. 10 purchased 280 units es 77/unit Feb. 20 sold 445 units es 153/unit Mar. 13 purchased 221 units es 71 /unit Sept. 5 purchased 330 units es 57/unit oct. 10 sold 585 units es 153 /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 ond final onswers to 2 decimal places.) Ending Inventory Cost of Goods Sold a. FIFO b Moving weighted average. Full solution
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