Question: Telemark Company uses the moving weighted average method for inventory costing Required: The following incomplete inventory sheet regarding Product W506 is available for the month

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

Telemark 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 Inventory Balance in Inventory Date Unito Cost/Unit Total Units Cost/Unit Totals Units Total Avg ContiUnit 95.00 s Mar 10 68 $ 6.460.00 Brought Forward 43 $ 96.00 2 3 4 30 (10) 57 7 17 48 96 00 28 51 Goods Sold Total Goods Available for Sale Ending Inventory 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 W506 during February 2020 was 35 34%. The selling price was $156 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.) dos profili

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