answer in text form please (without image) Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023.Beginning InventoryFeb. 10 purchased.Feb. 20 soldMar. 13 purchased iSept. 5 purchasedOct. 10 sold330 units @$ 90/unit245 units @$ 94/unit410 units @$ 170/unit249 units @s 88/unit295 units @$ 74/unit550 units @s 170/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 finalanswers to 2 decimal places.)a FIFOb Moving weighted averageEnding InventoryS$Cost of GoodsSold29,530 00 $26,705.00 $64,470 0067,295.00

Name: answer in text form please (without image) Gale Company has the follow
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Description: answer in text form please (without image) Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023.Beginning InventoryFeb. 10 purchased.Feb. 20 soldMar. 13 purchased iSept. 5 purchasedOct. 10 sold330 unit

Inventory can be valued using various methods -First-in First-Out Method - Under the First-in…

Business

Accounting

Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased i Sept. 5 purchased. Oct. 10 sold. 330 units @s 90/unit 245 units @$ 94/unit 410 units @$ 170/unit 249 units @s 88/unit 295 units @$ 74/unit 550 units es 170/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 weighted average Cost of Goods Sold Ending Inventory $ 29,530 00 $ $ 26,705.00 $ 64,470.00 67 295 00

Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023. Beginning Inventory Feb. 10 purchased Feb. 20 sold Mar. 13 purchased i Sept. 5 purchased. Oct. 10 sold. 330 units @s 90/unit 245 units @$ 94/unit 410 units @$ 170/unit 249 units @s 88/unit 295 units @$ 74/unit 550 units es 170/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 weighted average Cost of Goods Sold Ending Inventory $ 29,530 00 $ $ 26,705.00 $ 64,470.00 67 295 00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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