Question

Homework: Ch 2 HW Save 6 of 8 (8 complete) HW Score: 76.84%, 6.15 of 8 pt: Score: 0.15 of 1 pt E Question Help CH E2-35B (similar to) Theta Electronics manufactures and sells video. Unfortunately, the company recently suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. Theta has hired you to help figure out the missing pieces of the accounting puzzle. Assume that Theta Electronics' Raw Materials Inventory contains only direct materials. E (Click the icon to view the amounts.) Read the requirement. a. Find the Cost of Goods Sold in October. Determine the Cost of Goods Sold in October by completing the following table. $ 27,900 Revenues 15,800 Cost of goods sold $ 12,100 Gross Profit Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Clear All parts remaining

Answer 1

Question a is done and correct. Hence I give below the answer for question b only

Answer (b)

$1,400 $9,900 Beginning raw material inventory Purchases of direct material Matreial available for use Direct materials used Ending raw material inventory $11,300 $8,200 $3,100

Working:

Material available for use = Ending raw material inventory + direct material used = 3100 + 8200 = $11,300

Beginning raw material inventory = Material available for use - Purchases of direct material = 11300 - 9900 = $1,400