Telamark Company uses the moving weighted average method for Inventory costing. Requlred: The following Incomplete inventory sheet regarding Product W506 Is avalable 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 requlred 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 Date Units Total $ Units Cost/Unit Units Avg Cost/Unit Cost/Unit Total $ Total $ Mar. 1 Brought Forward 80 $ 04.00 5.640.00 2 35 06.00 22 4 (2) 7 65 17 40 07.00 28 43 Totals Goods Available for Sale Goods Sold Ending Inventory

Telamark Company uses the moving weighted average method for Inventory costing. Requlred: The following Incomplete inventory sheet regarding Product W506 Is avalable 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 requlred 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 Date Units Total $ Units Cost/Unit Units Avg Cost/Unit Cost/Unit Total $ Total $ Mar. 1 Brought Forward 80 $ 04.00 5.640.00 2 35 06.00 22 4 (2) 7 65 17 40 07.00 28 43 Totals Goods Available for Sale Goods Sold Ending Inventory

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Description: 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 Inventorysheet. (Use the value of the endi

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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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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