Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Homework: Ch 2 HW Save 6 of 8 (8 complete) HW Score: 76.84%, 6.15 of 8 pt: Score: 0.15 of 1 pt E Question Help
Homework: Ch 2 HW Save 6 of 8 (8 complete) HW Score: 76.84%, 6.15 of 8 pt: Score: 0.15 of 1 pt E Question Help CH E2-35B (similar to) Theta Electronics manufactures and sells video. Unfortunately, the company recently suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. Theta has hired you to help figure out the missing pieces of the accounting puzzle. Assume that Theta Electronics' Raw Materials Inventory contains only direct materials. E (Click the icon to 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. $ 27,900 Revenues 15,800 Cost of goods sold $ 12,100 Gross Profit Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Clear All parts remaining b. Find the beginning Raw Materials Inventory. Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory 9,900 Purchases of direct materials Materials available for use Beginning raw materials inventory 9,900 Purchases of direct materials Materials available for use 8,200 Direct materials used $. 3,100 Ending raw materials inventory Ir Songza- Listen fo.. langra remx Of.. ack a Wi. al Accounting) - Spring 2020 Wang :Ch 2 HW 1 6 of 8 (8 complete) v HW Score: ilar to) Data Table %3 its home office. As ing pieces of the acc actures and sells vid partially destroyed aw Materials Invento w the amounts.) 2$ Work in process inventory, October 31 1,300 2$ Finished goods inventory, October 1 4,800 Direct labor in October 3,500 inventory $ 9,900 Purchases of direct materials in October terials Work in process inventory, October 1 use S 27,900 Revenues in October $ 12,100 Gross profit in October nventory Direct materials used in October 8,200 ir enter any number Print Done Check %24 ng) - Spring 2020 Wang HW 6 of 8 (8 complete) v HW Sco Data Table its home office ing pieces of th ells vid royed nvento s.) ONGU goods ontoryoOLODor Direct labor in October 2$ 3,500 2$ 9,900 Purchases of direct materials in October 2$ Work in process inventory, October 1 s 27,900 Revenues in October... $ 12,100 Gross profit in October 2$ 8,200 Direct materials used in October %24 3,100 Raw materials inventory, October 31 Manufacturing overhead in October 6,400 number Print Done Ch
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668cf39d3ca8d_436668cf39ca253b.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668cf39e119ec_437668cf39d79254.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668cf39f0e470_438668cf39e616eb.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668cf39ff3e8c_439668cf39f5a513.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668cf3a0d6224_440668cf3a03b9b0.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started