Gale Company has the following inventory and purchases during the fiscal year ended December 31,...
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Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory 330 units @ $ 90/unit Feb. 10 purchased 245 units @ $ 94/unit Feb. 20 sold 410 units @ $ 170/unit Mar. 13 purchased 249 units @ $ 88/unit Sept. 5 purchased 295 units @ $ 74/unit Oct. 10 sold 550 units @ $ 170/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.) PrevQuestion 1 of 3 Total1 of 3Visit question mapNext
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