calculations to two decimal places.

Problem $6-4$A Gross proflt comparlsons and cost flow assumptlons$-$perpetual

CHECK FIGURES: $1.$ Ending inventory: a$.$ $$9,600\mathrm{.}00$; b$.$ $$10,982\mathrm{.}30$

Gale Company has the following inventory and purchases during the fiscal year ended December $31,2023.$

Beginning inventory. $q,$

Feb. $10$ purchased. $q,$

Feb. $20$ sold $q,$

Mar. $13$ purchased. $q,$

Sept. $5$ purchased. $q,$

Oct. $10$ sold. $q,$

$280$ units

$195$ units

$360$ units

$290$ units

$255$ units

$510$ units

$$80/$unit

$$84/$unit

$$160/$unit

@

$$78/$unit

$($a$)$

$$64/$unit

$$160/$unit

Gale Company employs a perpetual inventory system.

Required

Calculate the dollar value of ending inventory and cost of goods sold using:

a$.$ FIFO

b$.$ Moving weighted average. Round all unit costs to two decimal places.

Using your calculations from Part $1,$ complete the following schedule:

$$

Cost of goods sold. $q,$

Gross profit $q,$