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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 300 units @ $ 84/unit Feb. 10
Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023.
Beginning Inventory | 300 | units | @ | $ | 84/unit | ||||
Feb. | 10 | purchased | 215 | units | @ | $ | 88/unit | ||
Feb. | 20 | sold | 380 | units | @ | $ | 164/unit | ||
Mar. | 13 | purchased | 273 | units | @ | $ | 82/unit | ||
Sept. | 5 | purchased | 265 | units | @ | $ | 68/unit | ||
Oct. | 10 | sold | 520 | units | @ | $ | 164/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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