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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.
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 315 units @ $ 87/unit 230 units @ $ 91/unit 395 units @ $167/unit 261 units @ $ 85/unit 280 units @ $ 71/unit ok Oct. 10 sold 535 units @ $167/unit t Gale Company uses a periodic inventory costing system. ces 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.) a. FIFO b. Moving weighted average Ending inventory Cost of goods sold
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