please fill the third chart
Rapid 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. Rapid has hired you to help figure out the missing pieces of the accounting puzzle. Assume that Rapid Electronics Raw Materials Inventory contains only direct materials. 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. Revenues $ 27,200 Cost of goods sold 14,200 Gross Profit 13,000 b. Find the beginning Raw Materials Inventory Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory $ 3,600 Purchases of direct materials 9,300 Materials available for use 12,900 Ending raw materials inventory Direct materials used $ 9.000 c. Find the Ending Finished Goods Inventory. Before we can determine the missing amount for ending Finished Goods Inventory, we will first need to calculate the cost of Goods Manufactured. (Complete all answer boxes. For accounts with a $0 balance, make sure to enter "o" in the appropriate column.) 3,900 Total manufacturing costs to account for Cost of goods manufactured Data Table $ $ Work in process inventory, October 31 1,200 Finished goods inventory, October 1 ... $ 4,500 Direct labor in October 3,700 Purchases of direct materials in October $ 9,300 Work in process inventory, October 1 ... $ 0 Revenues in October $ 27,200 Gross profit in October $ 13,000 Direct materials used in October $ 9,000 Raw materials inventory, October 31 $ 3,900 Manufacturing overhead in October 5,600 ...S Print Done Rapid 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. Rapid has hired you to help figure out the missing pieces of the accounting puzzle. Assume that Rapid Electronics Raw Materials Inventory contains only direct materials. 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. Revenues $ 27,200 Cost of goods sold 14,200 Gross Profit 13,000 b. Find the beginning Raw Materials Inventory Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory $ 3,600 Purchases of direct materials 9,300 Materials available for use 12,900 Ending raw materials inventory Direct materials used $ 9.000 c. Find the Ending Finished Goods Inventory. Before we can determine the missing amount for ending Finished Goods Inventory, we will first need to calculate the cost of Goods Manufactured. (Complete all answer boxes. For accounts with a $0 balance, make sure to enter "o" in the appropriate column.) 3,900 Total manufacturing costs to account for Cost of goods manufactured Data Table $ $ Work in process inventory, October 31 1,200 Finished goods inventory, October 1 ... $ 4,500 Direct labor in October 3,700 Purchases of direct materials in October $ 9,300 Work in process inventory, October 1 ... $ 0 Revenues in October $ 27,200 Gross profit in October $ 13,000 Direct materials used in October $ 9,000 Raw materials inventory, October 31 $ 3,900 Manufacturing overhead in October 5,600 ...S Print Done
