Value Electronics manufactures and sells a line of smartphones. Unfortunately, Value Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed—and completely jumbled. Value 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.

Requirement
Find the following amounts:
a. Cost of Goods Sold in October
b. Beginning Raw Materials Inventory
c. Ending Finished Goods Inventory

Transcribed Image Text:

Revenues in October... Work in process inventory, October 31 Raw materials inventory, October 31. Direct labor in October...... Manufacturing overhead in October. Work in process inventory, October 1 Finished goods inventory, October 1 Direct materials used in October.. Gross profit in October........... Purchases of direct materials in October.. $27,200 $ 1,900 $ 3,300 $ 3,600 $ 6,400 0 $ 4,000 $ 8,100 $12,600 $ 9,100