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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory 350 units @ $ 76/unit Feb. 10

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

Beginning Inventory 350 units @ $ 76/unit
Feb. 10 purchased 265 units @ $ 80/unit
Feb. 20 sold 430 units @ $ 156/unit
Mar. 13 purchased 233 units @ $ 74/unit
Sept. 5 purchased 315 units @ $ 60/unit
Oct. 10 sold 570 units @ $ 156/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.)

P.S. - Please put answers clearly to write

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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 350 units @ $ 76/unit 265 units @ $ 80/unit 430 units @ $ 156/unit 233 units @ $ 74/unit 315 units @ $ 60/unit 570 units @ $ 156/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

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