ACCU 202 Managerial Acct 6e-SU 1, 2022 (OL1) = Homework: HW 1 Question 10, P2-50A (book/static) Part 2 of 4 Value Electronics manufactures and sells a line of smartphones. Unfortunately, Value Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed-and completely jumbled. Value Electronics has hired you to help figure out the missing pieces of the accounting puzzle. Assume that the Raw Materials Inventory contains only direct materials. Fady Abboud 05/03/22 10:25 AM HW Score: 47.81%, 14.34 of 30 points Points: 0.44 of 3 (Click the icon to view the amounts.) Requirement Find the following amounts: a. Cost of Goods Sold in October b Recinning Raw Materials Inventory Save Data table a. Find the Cost of Goods Sold in October. Determine the Cost of Goods Sold in October by completing the following table. Revenues Cost of goods sold Gross Profit b. Find the beginning Raw Materials Inventory. $ 27,200 14,600 $ 12,600 Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory Revenues in October $ 27,200 Work in process inventory, October 31 Raw materials inventory, October 31 Direct labor in October .............S Manufacturing overhead in October.... S Work in process inventory, October 1 Finished goods Inventory, October 1 .. S $ 1,900 3,300 3,600 6,400 $ 0 $ 4,000 $ 8,100 $ 12,600 Direct materials used in October Gross profit in October Purchases of direct materials in October S 9,100 Materials available for use Help me solve this Video Get more help - Print Done Clear all Check answer