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Homework: HW 2 - Chapter 2 Score: 0 of 5 pts 4 of 8 (6 con X E2-23A (similar to) . Gamma Electronics manufactures and
Homework: HW 2 - Chapter 2 Score: 0 of 5 pts 4 of 8 (6 con X E2-23A (similar to) . Gamma Electronics manufactures and sells a line of smartphones. Unfortunately, Gamma Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyedand completely jumbled. Gamma 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. Re Fi a. b. C. a. Find the Cost of Goods Sold in October Determine the cost of Goods Sold in October by completag the following table. ces (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 i Data Table - e ht Revenues in October.... $ 27,000 Work in process inventory, October 31... $ 1,500 Raw materials inventory, October 31 $ 3,000 Direct labor in October .. $ 3,100 Manufacturing overhead in October $ 6,100 Work in process inventory, October 1.... $ Finished goods inventory, October 1 Direct materials used in October . 4.500 8.100 Gross profit in October .. $ 12,000 Purchases of direct materials in October $ 9.800 Print Done
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