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 invento sheet. (Use the value of the ending inventory as your base number and adjust the COGS S 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 1234 4 7 17 28 Totals Purchases/Transportation-In/ (PurchaseReturns/Discounts) 32 27 S Cost/Unit Brought Forward 96.00 97.00 Goods Available for Sale Total $ Cost of Goods Sold (Returns to Inventory) Units 40 (20) 47 35 Cost/Unit Goods Sold Total S Units 52 $ Balance in Inventory Avg Cost/Unit 94.00 S Ending Inventory Total $ 4,888 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 2020. Complete the invento sheet. (Use the value of the ending inventory as your base number and adjust the COGS S 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 1234 4 7 17 28 Totals Purchases/Transportation-In/ (PurchaseReturns/Discounts) 32 27 S Cost/Unit Brought Forward 96.00 97.00 Goods Available for Sale Total $ Cost of Goods Sold (Returns to Inventory) Units 40 (20) 47 35 Cost/Unit Goods Sold Total S Units 52 $ Balance in Inventory Avg Cost/Unit 94.00 S Ending Inventory Total $ 4,888 00
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 13P: Webster Company adopted do liar-value LIFO on January 1, 2019. Webster produces three products: X,...
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