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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory 360 units @ $ 74/unit Feb. 10

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

Beginning Inventory 360 units @ $ 74/unit
Feb. 10 purchased 275 units @ $ 78/unit
Feb. 20 sold 440 units @ $ 154/unit
Mar. 13 purchased 225 units @ $ 72/unit
Sept. 5 purchased 325 units @ $ 58/unit
Oct. 10 sold 580 units @ $ 154/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.)

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