Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020.

Beginning Inventory				345	units	@	$	77/unit
Feb.	10	purchased		260	units	@	$	81/unit
Feb.	20	sold		425	units	@	$	157/unit
Mar.	13	purchased		237	units	@	$	75/unit
Sept.	5	purchased		310	units	@	$	61/unit
Oct.	10	sold		565	units	@	$	157/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.)

Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 purchased Oct. 10 sold 345 units @ $ 77/unit 260 units @ $ 81/unit 425 units @ $ 157/unit 237 units @ $75/unit 310 units @ $ 61/unit 565 units @ $ 157/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.) Ending Inventory Cost of Goods Sold a. FIFO b. Moving weighted average 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 Sales Cost of goods sold Gross profit