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Gale Company has the following inventory and purchases during the fiscal year ended December 31,2023....

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Accounting

Gale Company has the following inventory and purchases during the fiscal year ended December 31,2023.
\table[[Beginning Inventory,290 units @$ 82/unit],[Feb.10 purchased,205 units @ $ 86/unit],[Feb.20 sold,370 units @ $162 unit],[Mar.13 purchased,281 units @$ 80/unit],[Sept.5 purchased,255 units @$ 66/unit],[Oct.10 sold,510 units @$ 162/unit]]
Gale Company employs a perpetual inventory system.
Required:
Calculate the dollar value of ending inventory and cost of goods sold using: (Round your intermediate calculations and final answers to 2 decimal places.)
\table[[,,Ending Inventory,\table[[Cost of Goods],[Sold]]],[a.,FIFO,,],[b.,Moving weighted average,,]]
Using your calculations from Part 1, complete the following schedule: (Round your intermediate calculations and final answers to 2 decimal places.)
\table[[,FIFO,\table[[Moving Weighted],[Average]]],[Sales,,],[Cost of goods sold,,],[Gross profit,,]]
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