Question

5 of 6 (6 complete) HW Score: 51.04%, 15.31 of 30 pts Score: 0 of 5 pts X E2-23A (similar to) Question Help S: (Click the icon to view the amounts.) Delta Electronics manufactures and sells a line of music. Unfortunately, Delta Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed—and completely jumbled. Delta 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. 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 Revenues 127800 i Data Table - X Cost of goods sold Gross Profit Revenues in October .............. $ 27.800 Work in process inventory, October 31 .. $ 1.000 Raw materials inventory, October 31 ... $ 3.400 Direct labor in October ............$ 3,600 Manufacturing overhead in October ... S 6.100 Work in process inventory, October 1 ... S O Finished goods inventory, October 1 ... $ 4,800 Direct materials used in October ...... $ 8,900 Gross profit in October ............. $ 12,700 Purchases of direct materials in October $ 9,200 Print Print Done

Answer 1

1) Cost of goods sold

Sales revenue	27800
Less: Gross profit	-12700
Cost of goods sold	15100

2) Beginning raw material

Ending raw material	3400
Material used	8900
Material available for use	12300
Less: Material purchase	-9200
Beginning raw material	3100

3) Ending finished goods inventory

Beginning finished goods	4800
Cost of goods manufactured	17600
Cost of goods available for sale	22400
Cost of goods sold	15100
Ending finished goods	7300