Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i Data Table Alpha Electronics manufactures and sells a line of video. Unfortunately, Alpha Electronics suffered serious fire damage at its home office. As a

image text in transcribed

i Data Table Alpha Electronics manufactures and sells a line of video. Unfortunately, Alpha Electronics suffered serious fire damage at its home office. As a result, the accounting records for Octob were partially destroyedand completely jumbled. Alpha Electronics has hired you to help figure out the missing pieces of the accounting puzzle. Assume that the Raw Materials Inver contains only direct materials. Revenues in October... $ 27,800 Cost of goods sold 15,400 Gross Profit $ 12,400 b. Find the beginning Raw Materials Inventory. Work in process inventory, October 31... $ 1,900 Raw materials inventory, October 31 $ 3,700 Direct labor in October $ 3,600 Manufacturing overhead in October $ 6,000 Work in process inventory, October 1 $ 0 Finished goods inventory, October 1 $ 4,800 Direct materials used in October . $ 8,700 Gross profit in October $ 12,400 Purchases of direct materials in October $ 9,300 Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory 3700 Purchases of direct materials 9,300 Materials available for use Direct materials used 8,700 Ending raw materials inventory Print Done Choose from any list or enter any number in the input fields and then click Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Practice Of Modern Internal Auditing

Authors: Lawrence B Sawyer

2nd Edition

0894130927, 978-0894130922

More Books

Students also viewed these Accounting questions

Question

8. What topics should be avoided in workplace conversations?

Answered: 1 week ago