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Telemark company uses the moving weighted average


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

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The following Incomplete inventory sheet regarding Product W506 is avallable for the month of March 2020 . Complete the Inventory sheet. (Use the value of the ending Inventory as your bese number and adjust the COGS S amount to the required amount to make the Total Goods Avallable for Sele to the total of the Value of the ending Inventory and the COGS total. Negatlve value should be indicated with minus sign. Round your Intermedlate and flnal answers to 2 decimal places.)

Managerial-Accounting   
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Answer #1

Step 1 Workings

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Step 2 Analysis component

Gross Profit ratio In March 2020

Sales( 128 Units x $148)$18,944
Less - Cost of goods sold$12,204.12
Gross profit$6,739.88

Gross Profit (%) in march

{ 6,739.88/18,944)*100

35.58%
Gross Profit (%) in February36.16%

 

This Change is Unfavourable as the Gross profit percentage has been decreased from February to March 2020.


answered by: sidjn50
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