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Gale Company has the following inventory and purchases during the fiscal y Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept.
Gale Company has the following inventory and purchases during the fiscal y Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 Oct. 10 purchased sold 300 units @$ 84/unit 215 units @$ 88/unit 380 units @$ 164/unit 273 units @ $ 265 units @ $ 82/unit 68/unit 520 units @ $ 164/unit Gale Company employs a perpetual inventory system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using answers to 2 decimal places.) a. FIFO b. Moving weighted average Ending Inventory Cost of Goods Sold
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