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 2020. Complete the invento sheet. (Use the value of the ending inventory as your base number and adjust the COGS 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.) Date Units Mar 1234 4 7 17 28 Totals Purchases/Transportation-In/ (PurchaseReturns/Discounts) 32 27 S Cost/Unit Brought Forward 96.00 97.00 Goods Available for Sale Total $ Cost of Goods Sold (Returns to Inventory) Units 40 (20) 47 35 Cost/Unit Goods Sold Total S Units 52 $ Balance in Inventory Avg Cost/Unit 94.00 S Ending Inventory Total $ 4,888 00

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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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 2020. Complete the inventory
sheet. (Use the value of the ending inventory as your base number and adjust the COGS 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.)
Date Units
Mar 1
12
3
4
7
17
28
Totals
Purchases/Transportation-In/
(PurchaseReturns/Discounts)
32
27 S
Cost/Unit
Brought Forward
96.00
97.00
Goods Available for Sale
Total $
Cost of Goods Sold (Returns to
Inventory)
Units
40
(20)
47
35
Cost/Unit
Goods Sold
Total S
Units
52 $
Balance in Inventory
Avg
Cost/Unit
94.00 S
Ending Inventory
Total $
4,888 00
Transcribed Image Text: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 2020. Complete the inventory sheet. (Use the value of the ending inventory as your base number and adjust the COGS 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.) Date Units Mar 1 12 3 4 7 17 28 Totals Purchases/Transportation-In/ (PurchaseReturns/Discounts) 32 27 S Cost/Unit Brought Forward 96.00 97.00 Goods Available for Sale Total $ Cost of Goods Sold (Returns to Inventory) Units 40 (20) 47 35 Cost/Unit Goods Sold Total S Units 52 $ Balance in Inventory Avg Cost/Unit 94.00 S Ending Inventory Total $ 4,888 00
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