Question
S Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory Feb. 10 purchased Feb. 20 sold
S Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 purchased Oct. 10 sold 310 units @ $ 86/unit 225 units @ $ 90/unit 390 units @ $166/unit 265 units @ $ 84/unit 275 units @ $ 70/unit 530 units @ $166/unit Gale Company uses a periodic inventory costing system. a. FIFO b. Moving weighted average 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.) Ending inventory Cost of goods sold
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