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 invento 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.) Date Units Mar. 1 2347 17 28 Totals Purchases/Transportation-In/ (Purchase Returns/Discounts) 40 Cost/Unit Brought Forward 35 $ 96.00 97.00 Goods Available for Sale Total S Cost of Goods Sold/(Returns to Inventory) Units Cost/Unit 22 (2) 65 43 Goods Sold Total $ Units 60 $ Balance in Inventory Avg Cost/Unit 94.00 $ Ending Inventory Total $ 5,640.00
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 invento 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.) Date Units Mar. 1 2347 17 28 Totals Purchases/Transportation-In/ (Purchase Returns/Discounts) 40 Cost/Unit Brought Forward 35 $ 96.00 97.00 Goods Available for Sale Total S Cost of Goods Sold/(Returns to Inventory) Units Cost/Unit 22 (2) 65 43 Goods Sold Total $ Units 60 $ Balance in Inventory Avg Cost/Unit 94.00 $ Ending Inventory Total $ 5,640.00
Chapter10: Inventory
Section: Chapter Questions
Problem 9EA: Calculate the cost of goods sold dollar value for A66 Company for the month, considering the...
Related questions
Topic Video
Question
100%
ss
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning