inventory as your pase number and adjust the OGS s amount to the required amount to make the Total Goods Available for Sale to the total of the Value of the ending inventory and the COGS total. Negative value should be indicated with minus sign. Round your intermediate and final answers to 2 decimal places.) \table[[Date,, \table [[Purchases/Transportation - In /], [(PurchaseReturns/Discounts)]], \table[[Cost of Goods Sold/(Returns to], [Inventory)]], Balance in Inventory], [Units, Cost/Unit, Total $, Units, Cost/Unit, Total $, Units, \table [[Avg], [ Cost/Unit]], Total $], [Mar., Brought Forward,,r, 61, $, 93.00, S, 5, 673.00 Telamark Company uses the moving weighted average method for inventory costing. Required: The following incomplete inventory sheet regarding Product W506 is available for the month of March 2023. Complete the inventory sheet. (Use the value of the ending inventory as your base number and adjust the COGS $ amount to the required amount to make the Total Goods Available for Sale to the total of the Value of the ending inventory and the COGS total. Negative value should be indicated with minus sign. Round your intermediate and final answers to 2 decimal places.) Date Units Mar 1 2 3 4 7 17 28 Totals Purchases/Transportation-In/ (PurchaseReturns/Discounts) 41 Cost/Unit Brought Forward 36 $ 95.00 98.00 Goods Available for Sale Total S Cost of Goods Sold/(Returns to Inventory) Units Cost/Unit 23 (3) 64 44 Goods Sold Total $ Units 61 $ Balance in Inventory Avg Cost/Unit 93.00 $ Ending Inventory Total S 5,673.00
inventory as your pase number and adjust the OGS s amount to the required amount to make the Total Goods Available for Sale to the total of the Value of the ending inventory and the COGS total. Negative value should be indicated with minus sign. Round your intermediate and final answers to 2 decimal places.) \table[[Date,, \table [[Purchases/Transportation - In /], [(PurchaseReturns/Discounts)]], \table[[Cost of Goods Sold/(Returns to], [Inventory)]], Balance in Inventory], [Units, Cost/Unit, Total $, Units, Cost/Unit, Total $, Units, \table [[Avg], [ Cost/Unit]], Total $], [Mar., Brought Forward,,r, 61, $, 93.00, S, 5, 673.00 Telamark Company uses the moving weighted average method for inventory costing. Required: The following incomplete inventory sheet regarding Product W506 is available for the month of March 2023. Complete the inventory sheet. (Use the value of the ending inventory as your base number and adjust the COGS $ amount to the required amount to make the Total Goods Available for Sale to the total of the Value of the ending inventory and the COGS total. Negative value should be indicated with minus sign. Round your intermediate and final answers to 2 decimal places.) Date Units Mar 1 2 3 4 7 17 28 Totals Purchases/Transportation-In/ (PurchaseReturns/Discounts) 41 Cost/Unit Brought Forward 36 $ 95.00 98.00 Goods Available for Sale Total S Cost of Goods Sold/(Returns to Inventory) Units Cost/Unit 23 (3) 64 44 Goods Sold Total $ Units 61 $ Balance in Inventory Avg Cost/Unit 93.00 $ Ending Inventory Total S 5,673.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
![inventory as your base numper and adjust the couss amount to the required amount to
make the Total Goods Available for Sale to the total of the Value of the ending inventory and
the COGS total. Negative value should be indicated with minus sign. Round your intermediate
and final answers to 2 decimal places.) \table[[Date,, \table [[Purchases/Transportation - In
/], [(PurchaseReturns/Discounts)]], \table [[Cost of Goods Sold/(Returns to], [Inventory)]],
Balance in Inventory], [Units, Cost/Unit, Total $, Units, Cost/Unit, Total $, Units, \table[[Avg], [
Cost/Unit]], Total $], [Mar., Brought Forward,,r, 61, $, 93.00, $, 5, 673.00
Telamark Company uses the moving weighted average method for inventory costing.
Required:
The following incomplete inventory sheet regarding Product W506 is available for the month of March 2023. Complete the inventory
sheet. (Use the value of the ending inventory as your base number and adjust the COGS $ amount to the required amount to
make the Total Goods Available for Sale to the total of the Value of the ending inventory and the COGS total. Negative value
should be indicated with minus sign. Round your intermediate and final answers to 2 decimal places.)
Date Units
Mar 1
2
3
4
7
17
28
Totals
Purchases/Transportation-In/
(PurchaseReturns/Discounts)
41
Cost/Unit
Brought Forward
36 $
95.00
98.00
Goods Available for Sale
Total $
Cost of Goods Sold/(Returns to
Inventory)
Units Cost/Unit
23
(3)
64
44
Goods Sold
Total $
Units
61
$
Balance in Inventory
Avg
Cost/Unit
93.00 $
Ending Inventory
Total $
5,673.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9fd554bc-11cf-4dd3-a0bb-f7bdb9dd5ac3%2Fc70f4a00-94e0-4a49-807d-f4a656e87d53%2Flgsievo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:inventory as your base numper and adjust the couss amount to the required amount to
make the Total Goods Available for Sale to the total of the Value of the ending inventory and
the COGS total. Negative value should be indicated with minus sign. Round your intermediate
and final answers to 2 decimal places.) \table[[Date,, \table [[Purchases/Transportation - In
/], [(PurchaseReturns/Discounts)]], \table [[Cost of Goods Sold/(Returns to], [Inventory)]],
Balance in Inventory], [Units, Cost/Unit, Total $, Units, Cost/Unit, Total $, Units, \table[[Avg], [
Cost/Unit]], Total $], [Mar., Brought Forward,,r, 61, $, 93.00, $, 5, 673.00
Telamark Company uses the moving weighted average method for inventory costing.
Required:
The following incomplete inventory sheet regarding Product W506 is available for the month of March 2023. Complete the inventory
sheet. (Use the value of the ending inventory as your base number and adjust the COGS $ amount to the required amount to
make the Total Goods Available for Sale to the total of the Value of the ending inventory and the COGS total. Negative value
should be indicated with minus sign. Round your intermediate and final answers to 2 decimal places.)
Date Units
Mar 1
2
3
4
7
17
28
Totals
Purchases/Transportation-In/
(PurchaseReturns/Discounts)
41
Cost/Unit
Brought Forward
36 $
95.00
98.00
Goods Available for Sale
Total $
Cost of Goods Sold/(Returns to
Inventory)
Units Cost/Unit
23
(3)
64
44
Goods Sold
Total $
Units
61
$
Balance in Inventory
Avg
Cost/Unit
93.00 $
Ending Inventory
Total $
5,673.00
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education