High Tech Sounds manufactures and sells a new line of music players. Unfortunately, High Tech Sounds suffered serious ire damage at its home office. As a result, the accounting records for October were partially destroyed-and completely umbled. High Tech Sounds has hired you to help figure out the missing pieces of the accounting puzzle. Assume that High Tech Sounds' 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 Requirement a. Find the cost of goods sold in October. Determine the cost of goods sold in October by completing the following table. (Enter in the known amounts, then determine the missing amounts.) Revenues Cost of goods sold Gross profit $ 35,000 (19,000) $ 16,000 Requirement b. Find the beginning raw materials inventory. Determine the beginning raw materials inventory by completing the following table. (Enter in the known amounts, then determine the missing amounts.) Beginning raw materials inventory Purchases of direct materials Available for use Ending raw materials inventory Direct materials used LILIO Data table Direct labour in October Work in process inventory, October 31 S 1,700 Finished goods inventory, October 1 4,400 3,500 Purchases of direct materials in October.... 9,500 Work in process inventory, October 1 0 Revenues in October. 35,000 16,000 Direct materials used in October.......... 8,500 Raw materials inventory, October 31 Manufacturing overhead in October ....... 3,800 6,900 Gross profit in October.. Print Done