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

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Accounting

The Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2017.

Beginning inventory 340 units @ $ 78/unit
Feb. 10 purchased 255 units @ $ 82/unit
Feb. 20 sold 420 units @ $ 158/unit
Mar. 13 purchased 241 units @ $ 76/unit
Sept. 5 purchased 305 units @ $ 62/unit
Oct. 10 sold 560 units @ $ 158/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.) A) FIFO

B) Moving weight average

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