LZ Electronics manufactures and sells smartphones. Unfortunately, the company recently suffered serious fi re damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. LZ has hired you to help figure out the missing pieces of the accounting puzzle. Assume that LZ Electronics raw materials inventory contains only direct materials.

Work in process inventory, October 31............................................................ $ 1,000

Finished goods inventory, October 1............................................................... $ 4,900

Direct labor in October.................................................................................... $ 3,400

Purchases of direct materials in October......................................................... $ 9,600

Work in process inventory, October 1........................................................................ 0

Revenues in October........................................................................................ $27,900

Gross profi t in October.................................................................................... $12,400

Direct materials used in October..................................................................... $ 8,500

Raw materials inventory, October 31............................................................... $ 3,500

Manufacturing overhead in October............................................................... $ 6,300

Requirement

Find the following amounts:

a. Cost of goods sold in October

b. Beginning raw materials inventory

c. Ending finished goods inventory