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Gale Company has the following inventory and purchases during the fiscal y Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5

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Gale Company has the following inventory and purchases during the fiscal y Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 purchased Oct. 10 sold 315 units @$ 87/unit 230 units @ $91/unit 395 units $ 167/unit 261 units $ 85/unit 280 units e$ 71/unit 535 units $ 167/unit Gale Company employs a perpetual inventory system, Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using answers to 2 decimal places.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted averace

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