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Telamark Company uses the moving weighted average method for inventory costing. Note: March 4 reflects a return made by a customer of incorrect items shipped
Telamark Company uses the moving weighted average method for inventory costing. Note: March reflects a return made by a customer of incorrect items shipped on March ; these items were returned to
inventory.
Analysis Component:
The gross profit realized on the sale of Product W during February was The selling price was $ during both
February and March. Calculate the gross profit ratio for Product W for March and determine whether the change is
favourable or unfavourable from February. Round your intermediate calculations and final answer to decimal places.
Required:
The following incomplete inventory sheet regarding Product W is available for the month of March 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 decimal places.
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