Gale Company has the following inventory and purchases during the fiscal yea. Jed December 31, 2023.

Beginning Inventory

Feb. 10

purchased

Feb. 20

sold

Mar. 13

purchased

Sept. 5

purchased

Oct. 10 sold

350 units @$ 76/unit

265 units @$

80/unit

430 units @$ 156/unit

233 units @$ 74/unit

315 units @$ 60/unit

570 units @$ 156/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.)