Question
Delta Electronics manufactures and sells a line of video, Unfortunately. Delta Electronics suffered serious fire damage at its home office. As a result, the
Delta Electronics manufactures and sells a line of video, Unfortunately. Delta Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed-and completely jumbled. Delta 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. EE (Click the loon 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 a. Find the Cost of Goods Sold in October Determine the Cost of Goods Sold in October by completing the following table, Cost of goods sold Data table Revenues in October.. $ 27,000 Work in process inventory, October 31...$ 1.500 Raw materials Inventory, October 31..... Direct labor in October 3.400 $ 3,800 Manufacturing overhead in October 6.300 Work in process inventory, October 1.5 0 Finished goods inventory, October 1.5 4.000 Direct materials used in October $8.200 Gross profit in October Purchases of direct materials in October $9,100 $ 12,600 Print Done
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