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Problem 6-4A Gross profit comparisons and cost flow assumptions-perpetual LO2, 3 eXcel CHECK FIGURES: 1. Ending inventory: a. $9,600.00; b. $10,982.30 Gale Company has the following inventory and purchases during the fiscal year ended December 31, 20 .... Beginning inventory... Feb. 10 purchased......... Feb. 20 sold........ Mar. 13 purchased... Sept. 5 purchased..... Oct. 10 sold. 280 units 195 units 360 units 290 units 255 units 510 units @ @ @ @ @ @ $80/unit $84/unit $160/unit $78/unit $64/unit $160/unit Gale Company employs a perpetual inventory system. CHAPTER 6 Inventory Costing and Valuation Required Iculate the dollar value of ending inventory and cost of goods sold using: a. FIFO er unit. b. Moving weighted average. Round all unit costs to two decimal places. 2. Using your calculations from Part 1, complete the following schedule: Moving Weighted Average FIFO Sales.. Cost of goods sold Gross profit. SS Component: How would the gross profits calculated in Part 2 above change if Gale Company had en experiencing increasing prices in the acquisition of addit tion of additional inventory? rindis LOS Pro a. FIFO Calculation of cost of goods for and water Moving Weighted Average Perpetual Purchases Calculation of unitsin ending Inventory: Name: Chapter 6 Chapter 6 Problem 6-4A (concl'd.) Problem 6-6A Moving Weighted Average FIFO 1a. FIFO Perpetual Date PL Sales .......... Cost of goods sold. Gross profit.. Analysis component: *Problem 6-5A a. FIFO basis