% E2-23A (similar to) Question Help (Click the icon to view the amounts.) Theta Electronics manufactures and sells a line of smartphones. Unfortunately, Theta Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. Theta 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. 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. i Data Table Determine the cost of Goods Sold in October by completing the following table. Revenues $ 27,700 Cost of goods sold 15,500 12,200 Gross Profit $ b. Find the beginning Raw Materials Inventory. Determine the beginning Raw Materials Inventory by completing the following table. Revenues in October ................ $ 27.700 Work in process inventory, October 31 ... $ 1,800 Raw materials inventory, October 31 ..... $ 3,200 Direct labor in October ................$ 3,500 Manufacturing overhead in October ..... $ 6,300 Work in process inventory, October 1 ..... $ 0 Finished goods inventory, October 1 ..... $ 4,900 Direct materials used in October . . . . . . . . $ 8,100 Gross profit in October ............... $ 12,200 Purchases of direct materials in October ... $ 9,000 Beginning raw materials inventory Purchases of direct materials Materials available for use Direct materials used Ending raw materials inventory