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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 31,2023.
Beginning Inventory 305 units @ $ 85/unit
Feb. 10 purchased 220 units @ $ 89/unit
Feb. 20 sold 385 units @ $ 165/unit
Mar. 13 purchased 269 units @ $ 83/unit
Sept. 5 purchased 270 units @ $ 69/unit
Oct. 10 sold 525 units @ $ 165/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.) During 2023, Fresh Express Company sold 2,370 units of its product on September 20 and 2,350 units on December 22, all at a price of $77 per unit. Incurring operating expenses of $18 per unit sold, it began the year with and made successive purchases of the product as follows:
January 1 beginning inventory 470 units @ $ 22 per unit
Purchases:
February 201,370 units @ $ 24 per unit
May 16570 units @ $ 28 per unit
December 113,170 units @ $ 29 per unit
Total 5,580 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 2 decimal places. Do not round intermediate calculations. Round your final answers to 2 decimal places.) I need the correct answer in excel file
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