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Value Electronics manufactures and sells a line of radio. 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. Click the icon to view the amounts.) Requirement Find the following amounts: a. Cost of Goods Sold in October b. Beginning Raw Materials Inventory c. Ending Finished Goods Inventory Revenues $ 27,500 15.000 - X Cost of goods sold Data Table Gross Profit $ 12,500 ...$ b. Find the beginning Raw Materials Inventory Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory 3,700 Purchases of direct materials 9,300 Materials available for use Direct materials used 8,900 Ending raw materials inventory Revenues in October . $ 27,500 Work in process inventory, October 31 $ 1,600 Raw materials inventory, October 31 3.700 Direct labor in October $ 3,600 Manufacturing overhead in October ..$ 6,200 Work in process inventory, October 1 ... 0 Finished goods inventory, October 1.... 54,600 Direct materials used in October .......$ 8,900 Gross profit in October $ 12.500 Purchases of direct materials in October $9,300 Choose from any lot or enter any number in the input fields and then click Check Help Me Solve This Video Get More Help