Gale Company has the following inventory and purchases during the fiscal year

ended December $31,2023.$

Beginning

Inventory

$30$

$5$ units @$ $85/$unit

Feb. $10$ purchased $22$

$0$ units @$ $89/$unit

Feb. $20$ sold $38$

$5$ units @$ $165/$uni

t

Mar. $13$ purchased $26$

$9$ units @$ $83/$unit

Sept. $5$ purchased $27$

$0$ units @$ $69/$unit

Oct. $10$ sold $52$

$5$ units @$ $165/$uni

t

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.$)$

FIFO. MOVING WEIGHTED AVERAGE

COST OF GOODS SOLD

SALES

GROSS PROFIT