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Great Electronics manufactures and sells a line of smartphones. Unfortunately, Great Electronics suffered serious fire damage at its home office. As a result, the accounting
Great Electronics manufactures and sells a line of smartphones. Unfortunately, Great Electronics suffered serious fire damage at its home office. As a result, the accounting
records for October were partially destroyedand 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 only direct materials.
View the amounts.
Read the requirement.
a Find the Cost of Goods Sold in October.
Determine the Cost of Goods Sold in October by completing the following table.
Amounts
Revenues in October.
$
Work in process inventory, October
$
Raw materials inventory, October
$
Direct labor in October
$
Manufacturing overhead in October
$
Work in process inventory, October
$
Finished goods inventory, October
$
Direct materials used in October
$
Gross profit in October
$
Purchases of direct materials in October
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