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Parts a, b, c Thank you a. Find the Cost of Goods Sold in October Determine the cost of Goods Sold in October by completing
Parts a, b, c
a. Find the Cost of Goods Sold in October Determine the cost of Goods Sold in October by completing the following table. Revenues $ 27.700 Cost of goods sold 15.100 Gross Profit $12.600 b. Find the beginning Raw Materials Inventory Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory $ 1,500 om b. Find the beginning Raw Materials Inventory. Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory $ 1,500 Purchases of direct materials 9.900 Materials available for use 11,400 Ending raw materials inventory 3,300 Direct materials used $ 8,100 c. Find the Ending Finished Goods Inventory Before we can determine the missing amount for ending Finished Goods Inventory, we will first neec o $ Before we can determine the missing amount for ending Finished Goods Inventory, we will first need to calculate in the appropriate column.) Beginning work in process inventory Direct materials used Direct labor Manufacturing overhead 17.900 Total manufacturing costs to account for Ending work in process inventory $ 16,000 Cost of goods manufactured 8,100 3,500 6,300 17.900 1,900 Now determine the Ending Finished Goods Inventory 17,900 1,900 $ 16,000 Total manufacturing costs to account for Ending work in process inventory Cost of goods manufactured Now determine the Ending Finished Goods Inventory Beginning finished goods inventory $ 4,500 Cost of goods manufactured 16,000 Cost of goods available for sale 20.500 Ending finished goods inventory 5 400 Cost of goods sold $15.100 - X Data talie Revenues in October $ 27,600 Work in process.inventory, October 31. ..$ 1,200 Raw materials, inventary, Octaber 31. ....$ 3,200 Direct labor. in Octaher... $ 3,800 Manufacturing overhead in October ..... $ 6,300 Work in process.inventory, October 1. .... $ 0 Finished.goods inventory, October.1.... $ 4.400 Direct materials used in October ... $ 8,900 Gross.profit in October. .. $ 12.200 Purchases of direct materials.in.October, $ 9,600 Print Done Thank you
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