Question
Alpha Electronics manufactures and sells a line of radio. Unfortunately, Alpha Electronics suffered serious fire damage at its home office. As a result, the accounting
Alpha Electronics manufactures and sells a line of radio. Unfortunately, Alpha Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. Alpha 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.
| Revenues in October. . . . . . . . . . . . . . . . . . . | $27,100 |
| Work in process inventory, October 31. . . . . | $1,500 |
| Raw materials inventory, October 31. . . . . | $3,600 |
| Direct labor in October. . . . . . . . . . . . . . . . . | $3,800 |
| Manufacturing overhead in October. . . . . . . | $6,200 |
| Work in process inventory, October 1. . . . . . | $0 |
| Finished goods inventory, October 1. . . . . . | $4,500 |
| Direct materials used in October. . . . . . . . . | $8,800 |
| Gross profit in October. . . . . . . . . . . . . . . . . | $12,900 |
| Purchases of direct materials in October. . . | $9,700 |
| Find the following amounts: | |
| a. | Cost of Goods Sold in October |
| b. | Beginning Raw Materials Inventory |
| c. | Ending Finished Goods Inventory |
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