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Gale Company has the following inventory and purchases during the fiscal year 2 Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept.
Gale Company has the following inventory and purchases during the fiscal year 2 Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 purchased Oct. 10 sold 320 units @ $ 88/unit 235 units @ $ 92/unit 400 units @ $ 168/unit 257 units @ $ 86/unit 285 units @ $ 72/unit 540 units @ $ 168/unit 02:57:46 Gale Company employs a perpetual inventory system Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using: (Ro answers to 2 decimal places.) Ending Inventory Cost of Goods Sold a FIFO b. Moving weighted average
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