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. 300 units @ $ 215 units @ $ 380 units @ $ 273 units @ $ 265 units @ $ 520 units @ $ a. FIFO b. Moving weighted average 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.) 84/unit 88/unit 164/unit 82/unit 68/unit 164/unit Ending Inventory Cost of Goods Sold

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. 300 units @ $ 215 units @ $ 380 units @ $ 273 units @ $ 265 units @ $ 520 units @ $ a. FIFO b. Moving weighted average 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.) 84/unit 88/unit 164/unit 82/unit 68/unit 164/unit Ending Inventory Cost of Goods Sold

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Description: Don't provide answer in image format Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2020.Beginning InventoryFeb. 10 purchasedFeb. 20 soldMar. 13 purchasedSept. 5 purchasedOct. 10 solda. FIFOb. Moving

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 1MP: Hurst Companys beginning inventory and purchases during the fiscal year ended December 31, 20-2,...

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