90.2K

Verified Solution

Link Copied!

Help with the bottom on how to find finished goods when it's not given to me. Thank you in advance.

Do Homework-Madison Pond x cl Secure! https:/ ld-4507 ACCT 216001 F17 Homework: CH 2 Building Blocks: Close end of the day on 9/6 701909 complete) core: 0.65 of 1 pt 8E2-23A (similar to) Great Electronics marufachres and sells a lino of smarthones. Unfortunately, Great Electronics sufred serius he mack he icon to view the damage at its home officoe. As a result, the accounting records for October were partially destroyed and compledely umbled. Great Electronics has hired you to help figure out the missing pieces of the accounting puzzle. Assume that the Requirement Find the following amourts: a. Cost of Goods Sold in Octob b. Beginning Raw Materials Im o. Ending Finished Goods Inve Raw Materials Inventory contains only direct materials Before we can determine the missing amount for ending Finished Goods Inventory, we will Data Table Beginning work in process inventory Direct materials used Direct labor s 8,700 3,000 27,200 Revenues in October work in process inventory, October 31 . . . . . 1,100 Raw materials inventory, October 313,800 Total manufacturing costs to account for Ending work in process inventory Cost of goods manufactured Now determine the Ending Finished Goods Inventory 6,100 17,800 17,800 1,100 $ 16,700 Direct labor in October Manufacturing overhead in October Work in processinventry, October 1 s 3,000 $6,100 Direct materials used in October Gross profit in October Purchases of direct materials in October..$ 9.400 $8,700 $ 12,200 g finished goods inventory 16 Cost of goods manufactured Cost of goods available for sale 21,100 Ending finished goods inventory Cost of goods sold Print Done Choose from any list or enter any number in the input fields and then click Check Answer Cear All All parts showing MacBook Air 1 20 esc 8

Answer & Explanation Solved by verified expert

See Answer