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Gale Company has the following inventory and purchases during the fiscal year ended December 3 1 , 2 0 2 3 . table [
Gale Company has the following inventory and purchases during the fiscal year ended December
tableBeginning Inventory, units @$ unitFeb purchased, units @$ unitFeb sold, units @$ unitMar purchased, units @$ unitSept purchased, units @$ unitOct sold, units @$ unit
Gale Company employs a perpetual inventory system.
Required:
Calculate the dollar value of ending inventory and cost of goods sold using: Round your intermediate calculations and final answers to decimal places.
tableEnding Inventory,tableCost of GoodsSoldaFIFO,,bMoving weighted average,,
Using your calculations from Part complete the following schedule: Round your intermediate calculations and final answers to decimal places.
tableFIFO,tableMoving WeightedAverageSalesCost of goods sold,,Gross profit,
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