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 purchased Sept. 5 Oct. 10 sold 320 units @s 88/unit 235 units @s 92/unit 400 units @$ 168/unit 86/unit 257 units @$ 285 units @$ 72/unit 540 units @$ 168/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 Ending Inventory Cost of Goods Sold

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 purchased Sept. 5 Oct. 10 sold 320 units @s 88/unit 235 units @s 92/unit 400 units @$ 168/unit 86/unit 257 units @$ 285 units @$ 72/unit 540 units @$ 168/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 Ending Inventory Cost of Goods Sold

Name: Ef 84. Gale Company has the following inventory and purchases during t
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Description: Ef 84. Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2023.Beginning InventoryFeb. 10 purchasedFeb. 20 soldMar. 13Sept. 5Oct. 10 soldpurchasedpurchased320 units @$ 88/unit235 units @$ 92/unit400 units

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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