Question

In: Accounting

Gammer Electronics manufactures and sells a line of smartphonessmartphones. ​Unfortunately, GammaGamma Electronics suffered serious fire damage...

Gammer Electronics manufactures and sells a line of

smartphonessmartphones.

​Unfortunately,

GammaGamma

Electronics suffered serious fire damage at its home office. As a​ result, the accounting records for October were partially

destroyedlong dash—and

completely jumbled.

GammaGamma

Electronics has hired you to help figure out the missing pieces of the accounting puzzle. Assume that the Raw Materials Inventory contains only direct materials.

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​(Click the icon to view the​ amounts.)

Requirement

Find the following​ amounts:

a.

Cost of Goods Sold in October

b.

Beginning Raw Materials Inventory

c.

Ending Finished Goods Inventory

a. Find the Cost of Goods Sold in October.

Determine the Cost of Goods Sold in October by completing the following table.

Cost of goods sold

Data Table

Revenues in October. . . . . . . . . . . . . . . . . . .

$27,600

Work in process inventory, October 31. . . . .

$1,700

Raw materials inventory, October 31. . . . .

$3,200

Direct labor in October. . . . . . . . . . . . . . . . .

$3,400

Manufacturing overhead in October. . . . . . .

$6,300

Work in process inventory, October 1. . . . . .

$0

Finished goods inventory, October 1. . . . . .

$4,900

Direct materials used in October. . . . . . . . .

$8,600

Gross profit in October. . . . . . . . . . . . . . . . .

$12,800

Purchases of direct materials in October. . .

$9,200

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