Telamark Company uses the moving weighted average method for inventory costing.The following incomplete inventory sheet regarding Product W506 is available for the month of March 2020. Complete the inventory sheet. (Image 1 attached)Note: March 4 reflects a return made by a customer of incorrect items shipped on March 3; these items were returned to inventory.2. Analysis Component:The gross profit realized on the sale of Product W506 during February 2020 was 39.19%. The selling price was $166 during both February and March. Calculate the gross profit ratio for Product W506 for March 2020 and determine whether the change is favorable or unfavorable from February. (Round your intermediate calculations and final answer to 2 decimal places.)Gross Profit Ratio =? 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 inventorysheet. (Use the value of the ending inventory as your base number and adjust the COGS $ amount to the required amount tomake the Total Goods Available for Sale to the total of the Value of the ending inventory and the COGS total. Negative valueshould be indicated with minus sign. Round your intermediate and final answers to 2 decimal places.)Purchases/Transportation-In/(PurchaseReturns/Discounts)Cost of Goods Sold/(Returns toInventory)Balance in InventoryAvgCost/UnitDateUnitsCost/UnitTotal $UnitsCost/UnitTotal $UnitsTotal $Mar.1Brought Forward52$94.004,888.0022796.003404(20)747173297.002835TotalsGoods Available for SaleGoods SoldEnding Inventory

Name: Telamark Company uses the moving weighted average method for inventory
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Description: Telamark Company uses the moving weighted average method for inventory costing.The following incomplete inventory sheet regarding Product W506 is available for the month of March 2020. Complete the inventory sheet. (Image 1 attached)Note: March 4 ref

calculation of above requirement are as follows:

Answered: Telamark Company uses the moving…

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Telamark Company uses the moving weighted average method for inventory costing.
The following incomplete inventory sheet regarding Product W506 is available for the month of March 2020. Complete the inventory sheet. (Image 1 attached)

Note: March 4 reflects a return made by a customer of incorrect items shipped on March 3; these items were returned to inventory.

2. Analysis Component:

The gross profit realized on the sale of Product W506 during February 2020 was 39.19%. The selling price was $166 during both February and March. Calculate the gross profit ratio for Product W506 for March 2020 and determine whether the change is favorable or unfavorable from February. (Round your intermediate calculations and final answer to 2 decimal places.)

Gross Profit Ratio =?

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 $ 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/
(PurchaseReturns/Discounts)
Cost of Goods Sold/(Returns to
Inventory)
Balance in Inventory
Avg
Cost/Unit
Date
Units
Cost/Unit
Total $
Units
Cost/Unit
Total $
Units
Total $
Mar.
1
Brought Forward
52
$
94.00
4,888.00
2
27
96.00
3
40
4
(20)
7
47
17
32
97.00
28
35
Totals
Goods Available for Sale
Goods Sold
Ending Inventory

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