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how to solve this? Assignment 6 - Ch 6 A Saved Help Save & Exit Save & Exit Submit Gale Company has the following inventory
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Assignment 6 - Ch 6 A Saved Help Save & Exit Save & Exit Submit Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020. 1 Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 purchased Oct. 10 sold 370 units $ 72/unit 285 units $ 76/unit 450 units & $ 152/unit 217 units ES 70/unit 335 units ES 56/unit 590 units ES 152/unit 15 points 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.) Print References 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 Weighted Average Sales Cost of goods sold Gross profitStep by Step Solution
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