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destroyed-and completely jumbled. Rapid Electronics has hired you to help figure out the missing pieces of the accounting puzzle. Assume that the Raw Materials

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destroyed-and completely jumbled. Rapid 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. a. Cost of Goo b. Beginning R Inventory c. Ending Fini Inventory Find the Cost of Goods Sold in October Data table the fol Revenues in October $ 27,900 Work in process inventory, October 31 .. $ $ 1,200 Raw materials inventory, October 31 . . . . $ $ 3,000 Direct labor in October SA 3,700 ting Manufacturing overhead in October ... $ 6,200 Work in process inventory, October 1 ... $ 0 Finished goods inventory, October 1 .... $ $ 4,100 Direct materials used in October Gross profit in October $ 8,600 $ 12,400 Purchases of direct materials in October $ 9,300 Print Done s C 0 K Rapid Electronics manufactures and sells a line of smartphones. Unfortunately, Rapid Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed-and completely jumbled. Rapid 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 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 b. Find the beginning Raw Materials Inventory. Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory Materials available for use c. Find the Ending Finished Goods Inventory. Before we can determine the missing amount for ending Finished Goods Inventory, we will first need to calculate the Cost of Goods Manufactured. (Complete all input fields. For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Materials available for use c. Find the Ending Finished Goods Inventory. Before we can determine the missing amount for ending Finished Goods Inventory, we will first need to calculate the Cost of Goods Manufactured. (Complete all input fields. For accounts with a $0 balance, make sure to enter "0" in the appropriate column.) Total manufacturing costs to account for Cost of goods manufactured Now determine the Ending Finished Goods Inventory. Cost of goods available for sale Ending finished goods inventory Next

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