Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bed Telamark Company uses the moving weighted average method for inventory costing. Required: The following incomplete inventory sheet regarding Product W506 is available for

image text in transcribed

Bed 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 Balance in Inventory Inventory) Date Units Cost/Unit Total S Units Cost/Unit Total S Units Avg Cost/Unit Total S Mar 1 58 Brought Forward 2 33 S 96.00 3,168 00 00 58 94.00 $ 5,452 00 91 94.72 8,620.00 34 3 94.72 3,22048 57 94.72 5,399.52 O 4 (14) 94.72 1,326.08 710 94.72 4,073.44 53 94.726 5,020.16 18- 94.72 (946.72) 7 17 38 97.00 3,686.00 56- 48 91 C 2,739.28 41 * * 15 28 Ending Goods Available for Goods Sold Inventory Totals Sale

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2016

Authors: Jeanette Landin, Paulette Schirmer

2nd edition

978-1259821950, 1259821951, 1259572196, 978-1259572197

More Books

Students also viewed these Accounting questions