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

Beginning I..s@$77/unitFeb.10purchased260units@$..s@$157/unitMar.13purchased237units@$..s@$61/unitOct.10sold565units@$157/unit

Gale Company employs a perpetual inventory system.

Required:

1.Calculate the dollar value of ending inventory and cost of goods sold using:(Round intermediate calculations and final answers to 2 decimal places.)

2.Using your calculations from Part 1, complete the following schedule:(Round intermediate calculations and final answers to 2 decimal places.)