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

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Accounting

Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 320 units @ $ 88/unit Feb. 10 purchased 235 units @ $ 92/unit Feb. 20 sold 400 units @ $ 168/unit Mar. 13 purchased 257 units @ $ 86/unit Sept. 5 purchased 285 units @ $ 72/unit Oct. 10 sold 540 units @ $ 168/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.) 2. Using your calculations from Part 1, complete the following schedule: (Round your intermediate calculations and final answers to 2 decimal places.)

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