The Gale Company has the following inventory and purchases during the fiscal year ended December 31, 2014.

Required:
1. 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.
2. Using your calculations from Part 1, complete the following schedule:
Using your calculations from part 1, complete the following schedule:

Analysis Component: How would the gross profits calculated on Part 2 above change if Gale Company had been experiencing increasing prices in the ecquisition of additional inventory?

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Beginning inventory.280 units 80/unit Feb. 10 purchased. Feb. 20 sold360 units $160/unit Mar. 13 purchased.290 units$78/unit Sept. 5 purchased.... Oct. 10 sold510 units $160/unit 195 units 255 units $64/unit Moving Welghted Average FIFO Sales... Cost of goods sold.mcccunaro Gross profit