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Calculate the dollar value of ending inventory and cost of goods sold using: a.)...

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Accounting

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Calculate the dollar value of ending inventory and cost of goods sold using:

a.) FIFO

b.) Weighted Average inventory method

Please write or type it as neatly as you can

Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020. Beginning Inventory 280units@$ 80/unit Feb. 10 purchased 195units@$ 84/unit Feb. 20 sold 360 units@$160/unit Mar. 13 purchased 290 units@$ 78/unit Sept. 5 purchased 255units@$ 64/unit Oct. 10 sold 510units@$160/unit Gale Company employs a perpetual inventory system. Required: 1. Calculate the dollar value of ending inventory and cost of goods sold using

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