Use the data from Problem 6 3A and do Part 1 assuming Gale Company uses a periodic inventory costing system 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 ...

a b FIFO basis Total cost of ...

Use the data from Problem 6-3A and do Part 1 assuming Gale Company uses a periodic inventory

Question:

Use the data from Problem 6-3A and do Part 1 assuming Gale Company uses a periodic inventory costing system.
1. Calculate the dollar value of and cost of goods sold using:
(a). FIFO
(b). Moving weighted average. Round all unit costs to two decimal places. Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...