Item$6$

Time Remaining $1$ hour $10$ minutes $11$ seconds$01$:$10$:$11$

Item $6$

Time Remaining $1$ hour $10$ minutes $11$ seconds$01$:$10$:$11$

Gale Company has the following inventory and purchases during the fiscal year ended December $31,2023.$

Beginning Inventory $335$ units @ $ $79/$unit

Feb. $10$ purchased $250$ units @ $ $83/$unit

Feb. $20$ sold $415$ units @ $ $159/$unit

Mar. $13$ purchased $245$ units @ $ $77/$unit

Sept. $5$ purchased $300$ units @ $ $63/$unit

Oct. $10$ sold $555$ units @ $ $159/$unit

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.$)$

$2.$ Using your calculations from Part $1,$ complete the following schedule: $($Round your intermediate calculations and final answers to $2$ decimal places.$)$