Telamark Company uses the moving weighted average method for inventory costing. Required: The following incomplete inventory sheet regarding Product W506 Is avallable for the month of March 2020. Complete the Inventory sheet. (Use the value of the ending Inventory as your bese number and adjust the COGS S amount to the required amount to make the Total Goods Avallable 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 Intermedlate and final answers to 2 decimal places.) Purchases/Transportation-In/ (PurchaseReturns/Discounts) Cost of Goods Sold/(Returns to Inventory) Balance in Inventory Cost'Unit Total $ Units Cost/Unit Avg CostUnit Date Units Total $ Units Total S Mar. 1 Brought Forward 60 94.00 5.640.00 35 00.00 3 22 4 (2) 7 65 17 40 97.00 28 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 avallable for the month of March 2020. Complete the Inventory sheet. (Use the value of the ending Inventory as your bese number and adjust the COGS S amount to the required amount to make the Total Goods Avallable 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 Intermedlate and final answers to 2 decimal places.) Purchases/Transportation-In/ (PurchaseReturns/Discounts) Cost of Goods Sold/(Returns to Inventory) Balance in Inventory Cost'Unit Total $ Units Cost/Unit Avg CostUnit Date Units Total $ Units Total S Mar. 1 Brought Forward 60 94.00 5.640.00 35 00.00 3 22 4 (2) 7 65 17 40 97.00 28 43 Totals Goods Available for Sale Goods Sold Ending Inventory
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 13P: Webster Company adopted do liar-value LIFO on January 1, 2019. Webster produces three products: X,...
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![Telamark Company uses the moving welghted average method for Inventory costing.
Required:
The following Incomplete inventory sheet regarding Product W506 Is avallable for the month of March 2020. 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 Avallable 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 Intermedilate and final answers to 2 decimal places.)
Purchases/Transportation-In/
(PurchaseReturns/Discounts)
Cost of Goods Sold/(Returns to
Inventory)
Balance in Inventory
Avg
Cost/Unit
Date
Units
Cost/Unit
Total S
Units Cost/Unit
Total $
Units
Total S
Mar. 1
Brought Forward
5.640.00
60
94.00
2
35
96.00
3
22
4
(2)
7
65
17
40
97.00
28
43
Totals
Ending Inventory
Goods Available for Sale
Goods Sold](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ed0e7b2-8efa-4da4-a3ad-74d945a553a2%2Fc05df6de-c94e-4869-ac93-805fc1626760%2Fqikr01v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Telamark Company uses the moving welghted average method for Inventory costing.
Required:
The following Incomplete inventory sheet regarding Product W506 Is avallable for the month of March 2020. 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 Avallable 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 Intermedilate and final answers to 2 decimal places.)
Purchases/Transportation-In/
(PurchaseReturns/Discounts)
Cost of Goods Sold/(Returns to
Inventory)
Balance in Inventory
Avg
Cost/Unit
Date
Units
Cost/Unit
Total S
Units Cost/Unit
Total $
Units
Total S
Mar. 1
Brought Forward
5.640.00
60
94.00
2
35
96.00
3
22
4
(2)
7
65
17
40
97.00
28
43
Totals
Ending Inventory
Goods Available for Sale
Goods Sold
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