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539 Telamark Company uses the moving weighted average method for inventory costing Required: The following incomplete inventory sheet regarding Product W506 is available for the
539 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.) Answer is not complete. Purchases/Transportation-in (Purchase Returns/Discounts) Cost of Goods Sold/(Returns to Balance in Inventory Inventory) Date Units Cost/Unit Total $ Units Cost/Unit Total $ Units Avg Cost/Unit Total $ Mar 1 Brought Forward 52 $ 94.00 $ 4,888.00 2 27 15 06.00 2.592.00 79 61.87O 4,888.00 3 40 94.70 3,788.00 39 61.87 7.480.00 4 (20) 94.70 1.894.00 19 61.87 2.413.06 7 47 94.70 4,450.90x -280 61.87 1,175.59 17 32 97.00 3.104.00 40 (433 11) (1,732.45) 28 35 96.55 - 3.379.25 C 310 433.110 4,279.59 O Totals Goods Available for Sale Ending 10,584 00 C Goods Sold S 10.247.00 4.279.59 Inventory Analysis Component: The gross profit realized on the sale of Product W506 during February 2020 was 3919 %. 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
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