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

Beginning Inventory				290	units	@	$	82/unit
Feb.	10	purchased		205	units	@	$	86/unit
Feb.	20	sold		370	units	@	$	162/unit
Mar.	13	purchased		281	units	@	$	80/unit
Sept.	5	purchased		255	units	@	$	66/unit
Oct.	10	sold		510	units	@	$	162/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.)

	FIFO	MOVING WEIGTED AVERAGE
SALES
COST OF GOODS SOLD
GROSS PROFIT