Homework: Homework 1

Question 6, E2-23A (fina.. Homework: Homework 1 Part 2 of 3 HW score: 44.67%, 22.33 of 50 points 2.33 of 7 Gamma Electronics manufactures and sells a line of smartphones. Unfortunately. Gamma Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyedand completely jumbled. Gamma 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. a. Find the Cost of Goods Sold in October. 14,100 Cost of goods sold is S b. Find the beginning Raw Materials Inventory Beginning raw materials inventory is S Points. Data table 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 . s 27000 1,400 3.600 s 3,800 6,100 s o s 4,300 8,700 12,900 9,200 print Done