Question
The Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2017. Beginning inventory 295 units @ $ 83/unit Feb.
The Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2017. Beginning inventory 295 units @ $ 83/unit Feb. 10 purchased 210 units @ $ 87/unit Feb. 20 sold 375 units @ $ 163/unit Mar. 13 purchased 277 units @ $ 81/unit Sept. 5 purchased 260 units @ $ 67/unit Oct. 10 sold 515 units @ $ 163/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.)
UNDER FIFO METHOD AND MOVING WEIGHTED
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