? Exercise $6-9$ ?Moving weighted average cost flow assumption$-$perpetual LO$2,3$

Telamark Company uses the moving weighted average method for inventory costing.

Required:

The following incomplete inventory sheet regarding Product W$506$ ?is available for the month of March $2023.$ ?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.$)$ ?Note: March $4$ ?reflects a return made by a customer of incorrect items shipped on March $3$ ?; these items were returned to

inventory.

Analysis Component:

The gross profit realized on the sale of Product W$506$ ?during February $2023$ ?was $39\mathrm{.}19\%.$ ?The selling price was $$166$ ?during both

February and March. Calculate the gross profit ratio for Product W$506$ ?for March $2023$ ?and determine whether the change is

favourable or unfavourable from February. $($Round your intermediate calculations and final answer to $2$ ?decimal places.$)$Exercise $6-9$ ?Moving weighted average cost flow assumption$$perpetual LO$2,3$