Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please full calculation and explanation. ross profit comparisons and cost flow assumptions-perpetual lo2 nvent problem 6-4A nding inventory: a. $q,600.00; b. $10,982.30 the following inventory
Please full calculation and explanation.
ross profit comparisons and cost flow assumptions-perpetual lo2 nvent problem 6-4A nding inventory: a. $q,600.00; b. $10,982.30 the following inventory and purchases during the fiscal year ended December 31,2317 invent K FIGURES: 1. .a Xel CH Gale Compan Beginning inventory280 units Feb. 10 purchased. Feb. 20 sold. Mar. 13 purchased.2 units Sept. 5 purchased... $80/unit 195 units $84/unit 360 units $160/unit 255 units $64/unit . 510 units$160/unit Gale Company employs a perpetual inventory system. 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 sing your calculations from Part 1, complete the following scheduleStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started