Rapid Electronics manufactures and sells a line of video. Unfortunately, Rapid Electronics (Click the icon to view the amounts.) suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyedand completely jumbled. Rapid Electronics has hired you to help Requirement figure out the missing pieces of the accounting puzzle. Assume that the Raw Materials Inventory Find the following amounts: contains only direct materials. a. Cost of Goods Sold in October b. Beginning Raw Materials Inventory c. Ending Finished Goods Inventory i Data Table . a. Find the Cost of Goods Sold in October. Determine the cost of Goods Sold in October by completing the following table. Revenues $ 27,900 Cost of goods sold 15,900 Gross Profit $ 12,000 b. Find the beginning Raw Materials Inventory. Determine the beginning Raw Materials Inventory by completing the following table. Beginning raw materials inventory Purchases of direct materials Materials available for use Ending raw materials inventory Direct materials used ....$ Revenues in October. $ 27,900 Work in process inventory, October 31... 1,200 Raw materials inventory, October 31 3,600 Direct labor in October ... $ 3,000 Manufacturing overhead in October $ 6,100 Work in process inventory, October 1.... $ 0 Finished goods inventory, October 1 Direct materials used in October .... 8,700 Gross profit in October ....... $ 12,000 Purchases of direct materials in October $ 9,100 ....$ 4,200 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Clear All