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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020, Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar.

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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020, Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 purchased Oct. 10 sold 310 units $ 86/unit 225 units $ 90/unit 390 units @ $ 166/unit 265 units @ 84/unit 275 units @$ 70/unit 530 units @ 166/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.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted average 2. Using your calculations from Part 1, complete the following schedule: (Round your intermediate calculations and final answers to 2 decimal places.) FIFO Moving Weighted Average Sales Cost of goods sold Gross profit

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