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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.

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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 340 units @ $ 78/unit 255 units @ $ 82/unit 420 units @ $ 158/unit 241 units @ $ 76/unit 305 units @ $ 62/unit 560 units @ $ 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 calc 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 decimal places.) FIFO Moving Weighted Average Sales Cost of goods sold Gross profit

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