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Gale Company has the following inventory and purchases during the fiscal year ended December 3 1 , 2 0 2 3 . Beginning Inventory 3
Gale Company has the following inventory and purchases during the fiscal year ended December
Beginning Inventory units @ $ unit
Feb. purchased units @ $ unit
Feb. sold units @ $ unit
Mar. purchased units @ $ unit
Sept. purchased units @ $ unit
Oct. sold units @ $ unit
Gale Company employs a perpetual inventory system.
Required:
Calculate the dollar value of ending inventory and cost of goods sold using: Round your intermediate calculations and final answers to decimal places.
Using your calculations from Part complete the following schedule: Round your intermediate calculations and final answers to decimal places. During Fresh Express Company sold units of its product on September and units on December all at a price of $ per unit. Incurring operating expenses of $ per unit sold, it began the year with and made successive purchases of the product as follows:
January beginning inventory units @ $ per unit
Purchases:
February units @ $ per unit
May units @ $ per unit
December units @ $ per unit
Total units
Required:
Prepare a comparative income statement for the company, showing in adjacent columns the profits earned from the sale of the product, assuming the company uses a perpetual inventory system and prices its ending inventory on the basis of a FIFO and b Moving weighted average: Round "Cost per unit" to decimal places. Do not round intermediate calculations. Round your final answers to decimal places. I need the correct answer in excel file
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