Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 280 units @ $ 80/unit Feb. 10 purchased 195 units @ $ 82/unit Feb. 20 sold 360 units @ $ 160/unit Mar. 13 purchased 290 units @ $ 83/unit Sept. 5 purchased 255 units @ $ 84/unit Oct. 10 sold 510 units @ $ 160/unit Gale Company employs a perpetual inventory system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using FIFO 2. Calculate the dollar value of ending inventory and cost of goods sold using Weighted Average

Table

Beginning Inventory		280	units	@	$	80/unit
Feb.	10	purchased		195	units	@	$	82/unit
Feb.	20	sold		360	units	@	$	160/unit
Mar.	13	purchased		290	units	@	$	83/unit
Sept.	5	purchased		255	units	@	$	84/unit
Oct.	10	sold		510	units	@	$	160/unit