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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.
Beginning Inventory 380 units @ $ 70/unit
Feb. 10 purchased 295 units @ $ 74/unit
Feb. 20 sold 460 units @ $ 150/unit
Mar. 13 purchased 209 units @ $ 68/unit
Sept. 5 purchased 345 units @ $ 54/unit
Oct. 10 sold 600 units @ $ 150/unit
Gale Company employs a perpetual inventory system.
Required:
1. Calculate the dollar value of ending inventory and cost of goods sold
b.
Calculated ending inventory and cost of good sales of Moving Weighted Avergae using: (Round your intermediate calculations and final answers to 2 decimal places.)
2. Using your calculations from Part 1, complete the following schedule,
a) FIFO - Sales, Cost of Goods Sold and Gross profit.
b) Moving Weighted Avergae - Sales, Cost of Goods Sold and Gross profit.
: (Round your intermediate calculations and final answers to 2 decimal places.)
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