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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 350 units @ $ 76/unit Feb. 10
Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 350 units @ $ 76/unit Feb. 10 purchased 265 units @ $ 80/unit Feb. 20 sold 430 units @ $ 156/unit Mar. 13 purchased 233 units @ $ 74/unit Sept. 5 purchased 315 units @ $ 60/unit Oct. 10 sold 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.) 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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