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Can someone please help me with calculating ending finished goods inventory! Delta Electronics manufactures and sells radio. Unfortunately, the company recently suffered serious fire damage
Can someone please help me with calculating ending finished goods inventory!
Delta Electronics manufactures and sells radio. Unfortunately, the company recently suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. De you to help figure out the missing pieces of the accounting puzzle. Assume that Delta Electronics' Raw Materials Inventory contains only direct materials. (Click the icon to view the amounts.) Read the requirement - X Data table Encing raw materiais inventory nswer boxes. For accounts with a $0 balance, make sure to enter "0" c. Find the Ending Finished Goods Inventory Before we can determine the missing amount for ending Finished Goods Inventory w appropriate column.) ) Beginning work in process inventory S 0 Direct materials used $ 8.700 Direct labor 3,200 Manufacturing overhead 6.100 18,000 Total manufacturing costs to account for 18,000 Ending work in process inventory 1,300 S 16,700 Cost of goods manufactured Work in process inventory, October 31...$ 1,300 , S Finished goods inventory, October 1 ....S 5,000 Direct labor in October S 3,200 Purchases of direct materials in October S 9,300 Work in process inventory, October 1.... S 0 Revenues in October $ 27.900 Gross profit in October $ 12,100 Direct materials used in October ... S 8,700 Raw materials inventory, October 31. ....S 3,700 Manufacturing overhead in October ..., S S 6.100 Print Done Now determine the Ending Finished Goods Inventory Beginning finished goods Inventory 50001 Cost of goods manufactured 167001 Cost of goods available for sale 21700 Ending finished goods Inventory Cost of goods soldStep by Step Solution
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