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.) Purchases/Transportation-In/ (Purchase Returns/Discounts) Cost of Goods Sold/(Returns to Inventory) Balance in Inventory Total $ 94.00 $ 5,640.00 Date Units Cost/Unit Total $ Units Cost/Unit Mar. 1 Brought Forward Total $ Units 60 $ Avg Cost/Unit 2 35 $ 96.00 3 22 4 (2) 7 65 17 28 40 97.00 43 Totals Goods Available for Sale Goods Sold Ending Inventory

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.) Purchases/Transportation-In/ (Purchase Returns/Discounts) Cost of Goods Sold/(Returns to Inventory) Balance in Inventory Total $ 94.00 $ 5,640.00 Date Units Cost/Unit Total $ Units Cost/Unit Mar. 1 Brought Forward Total $ Units 60 $ Avg Cost/Unit 2 35 $ 96.00 3 22 4 (2) 7 65 17 28 40 97.00 43 Totals Goods Available for Sale Goods Sold Ending Inventory

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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