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 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 cogs 2.Using your calculations from Part 1, calculate sale,cogs,gross profit in fico and moving weighted average
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