ing 6-4A Gross profit comparisons and cost fiow assumptions-perpetua Help Me SOLVE IT rpetual LO2 LO2,3 eXcel el : 1. Ending inventory: a. $4,600.00; b. $10,982.30 u has the following inventory and purchases d uring the fiscal year ended December 31,2017 Beginning inventory... Feb. 10 purchased.. Feb. 20 sold.360 units$160/unit Mar. 13 purchased.. 20 units $78/unit Sept. 5 purchased.... oct. 10 sold... units $80/unit 195 units$84/unit 255 units $64/unit 510 units $160/unit ed Gale Company employs a perpetual inventory syster Required 1. Calculate the dollar value of ending inventory and cost of goods sold using: a. FIFO b. Moving weighted average. Round all unit costs to two decimal places 2 Using your calculations from Part I, complete the following schedule: Moving Weighted Average FIFO Cost of goods sold kalyss Component: How would the gross profits calculated in Part 2 above change if Gale Company een experiencing increasing prices in the acquisition of additional inventory? lowcnerindic L08 Problem eE