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, 2020. Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased Sept. 5 purchased Oct. 10 sold 370 units @ $ 72/unit 285 units $ 76/unit 450 units $ 152/unit 217 units $ 70/unit 335 units @ $ 56/unit 590 units @ $ 152/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 calculat answers to 2 decimal places.)
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