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Need help in this for my accounting class Question 1: Z Electronics manufactures and sells smartphones. Unfortunately, the company recently suffered serious fire damage at
Need help in this for my accounting class
Question 1: Z Electronics manufactures and sells smartphones. 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. LZ has hired you to help figure out the missing pieces of the accounting puzzle. Assume that LZ Electronics raw materials inventory contains only direct materials. 1,000 4,900 $ 3,400 9,600 Work in process inventory, October 31. Finished goods inventory, October 1 Direct labor in October Purchases of direct materials in October... Work in process inventory, October 1 Revenues in October Gross profit in October.. Direct materials used in October aw materials inventory, October 31.. Manufacturing overhead in cto er $27,900 $12,400 8,500 .. 3,500 $ 6,300 Requirement Find the following amounts: a. Cost of goods sold in October b. Beginning raw materials inventoryStep by Step Solution
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