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



















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































































































































































































































































Beginning Inventory325units@$89/unit
Feb.10purchased240units@$93/unit
Feb.20sold405units@$169/unit
Mar.13purchased253units@$87/unit
Sept.5purchased290units@$73/unit
Oct.10sold545units@$169/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.)


























































Mar 07, 2023
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