Great Electronics manufactures and sells a line of radio. (Click the icon to view the amounts.)...
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Great Electronics manufactures and sells a line of radio. (Click the icon to view the amounts.) Unfortunately, Great Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed-and completely jumbled. Great Electronics has hired you to help figure out the missing pieces of the accounting puzzle. Assume that the Raw Materials Inventory contains b. Beginning Raw Materials Inventory only direct materials. Requirement Find the following amounts: a. Cost of Goods Sold in October c. Ending Finished Goods Inventory Materials available for use 11,100 Direct materials used 8,000 2$ 3,100 Ending raw materials inventory Data Table Revenues in October $ 27,600 Work in process inventory, October 31 $ 1,700 Raw materials inventory, October 31 $ 3,100 $ 3,400 $ 6,400 Direct labor in October Manufacturing overhead in October Work in process inventory, October 1 ...$ $ 4,700 $ 8,000 Finished goods inventory, October 1 Direct materials used in October Gross profit in October $ 12,000 Purchases of direct materials in October ... $ 9,500 Great Electronics manufactures and sells a line of radio. (Click the icon to view the amounts.) Unfortunately, Great Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed-and completely jumbled. Great Electronics has hired you to help figure out the missing pieces of the accounting puzzle. Assume that the Raw Materials Inventory contains b. Beginning Raw Materials Inventory only direct materials. Requirement Find the following amounts: a. Cost of Goods Sold in October c. Ending Finished Goods Inventory Materials available for use 11,100 Direct materials used 8,000 2$ 3,100 Ending raw materials inventory Data Table Revenues in October $ 27,600 Work in process inventory, October 31 $ 1,700 Raw materials inventory, October 31 $ 3,100 $ 3,400 $ 6,400 Direct labor in October Manufacturing overhead in October Work in process inventory, October 1 ...$ $ 4,700 $ 8,000 Finished goods inventory, October 1 Direct materials used in October Gross profit in October $ 12,000 Purchases of direct materials in October ... $ 9,500
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