Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023.

Beginning Inventory

355

units

75/unit

Feb.

10

purchased

270

units

79/unit

Feb

20

sold

435

units

155/unit

Mar.

13

purchased

229

units

000000

ASSDSS

73/unit

Sept.

5

purchased

320

units

59/unit

Oct.

10

sold

575

units

155/unit

32:56

Gale Company employs a perpetual inventory system

Required:

ed

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.)

cES

Ending Inventory

Cost of Goods

Sold

FIFO

Moving weighted average

2. Using your calculations from Part 1, complete the following schedule: (Round your intermediate calculations and final answers to 2 decimel places.)

FIFO

Moving Weighted

Average

Sales

Cost of goods sold

Gross profit