Rapid Electronics manufactures and sells a line of smartphones. 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.

Revenues in October........................................................................................ $ 27,700

Work in process inventory, October 31............................................................ $ 1,100

Raw materials inventory, October 31............................................................... $ 3,600

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

Manufacturing overhead in October............................................................... $ 6,100

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

Finished goods inventory, October 1............................................................... $ 4,500

Direct materials used in October..................................................................... $ 8,600

Gross profit in October.................................................................................... $ 12,100

Purchases of direct materials in October......................................................... $ 9,500

Requirement

Find the following amounts:

a. Cost of Goods Sold in October

b. Beginning Raw Materials Inventory

c. Ending Finished Goods Inventory