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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.)
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