Problem 6-4A Gross profit comparisons and cost flow assumptions--perpetual LO2, 3 eXcel SOUVETT CHECK FIGURES: 1 Ending inventory: a $9,600.00; 6. $10,982.30 Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020 $80/unit $84/unit Beginning inventory Fob. 10 purchased Feb. 20 sold Mar. 13 purchased Sept 5 purchased Oct 10 sold 280 units 195 units 300 units 290 units 255 units 510 units 3160/unit $78/unit $64/unit $160/unit Gale Company employs a perpetual inventory system CHAPTER 6 Inventory Costing and Valuation 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 1, complete the following schedule: I FIFO Moving Weighted Average Sales Cost of goods sold Gross profit Analysis Component: How would the gross profits calculated in Part 2 above change if Gale Company had been experiencing increasing prices in the acquisition of additional inventory