Question

I only need part C please.

Rapid Electronics manufactures and sells a line of music. Unfortunately, Rapid Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed-and completely jumbled. Rapid 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 Ending raw materials inventory 3.300 8,800 Direct materials used $ 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 M column) 8800 Beginning work in process inventory Direct materials used Direct labor Manufacturing overhead Total manufacturing costs to account for Ending work in process inventory 3000 6300 Cost of goods manufactured Choose from any list or enter any number in the input fields and then click Check Answer

Answer 1

Direct materials used	8,800
Direct labor	3,000
Manufacturing overheads	6,300
Total manufacturing overheads	18,100
Work in process, beginning	0
Work in process, ending	- 1,600
Cost of goods manufactured	$16,500

Cost of goods sold = Revenues - Gross profit

= 27,600 - 12,800

= $14,800

Cost of goods sold = Cost of goods manufactured + Beginning finished goods - Ending finished goods

14,800 = 16,500 + 4,500 - Ending finished goods

Ending finished goods = $6,200

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