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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 315 units @ $ 87/unit Feb. 10 purchased 230 units @ $ 91/unit Feb. 20 sold 395 units @ $ 167/unit Mar. 13 purchased 261 units @ $ 85/unit Sept. 5 purchased 280 units @ $ 71/unit Oct. 10 sold 535 units @ $ 167/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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