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PLEASE HELP ME WITH THIS ASAP!!!! PULS Smooth Sounds manufactures and sells a new line of MP3 players. Unfortunately, Smooth Sounds suffered serious fire damage
PLEASE HELP ME WITH THIS ASAP!!!!
PULS Smooth Sounds manufactures and sells a new line of MP3 players. Unfortunately, Smooth Sounds suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed - and completely Jumbled, Smooth Sounds has hired you to help figure out the missing pieces of the accounting puzzle. Assume that Smooth Sounds raw materials Inventory contains only direct materials Work in process inventory, October 31. $1,500 Finished goods inventory, October 1... 4,300 Direct labour in October 3,000 Purchases of direct materials in October.......... 9,000 Work in process inventory, October 1........... Rovenues in October 28.000 Gross profit in October 12.000 Direct materials used in October 8,000 Raw materials inventory, October 31 3,000 Manufacturing overhead in October 6.300 Requirement 0 Find the following amounts: (Show your work) Cost of goods sold in October Beginning raw materials inventory Ending finished goods inventory Step by Step Solution
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