Great Electronics manufactures and sells a line of radio Unfortunately, Great El

Question

Great Electronics manufactures and sells a line of radio Unfortunately, Great Electronics suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. Great Electronics has hired you to help figure out the missing puzzle. Assume that the Raw Materials Inventory contains only direct materials. . Click the icon to view the amounts. Requirement Find the following amounts: a. Cost of Goods Sold in October b. pieces of the accounting Beginning Raw Materials Inventory c. Ending Finished Goods Inventory Materials available for use Direct materials used Ending raw materials inventory c. Find the Ending Finished Goods Inventory 11,100 8,000 $ 3,100 Before we can determine the missing amount for ending Finished Goods Inventory, we will first need to calculate the Cost of Goods Manufactured. (Complete all answer boxes. For accounts with a $0 balance, make sure to enter "O" in the appropriate column.) Total manufacturing costs to account for Cost of goods manufactured

Explanation / Answer

C) Find ending finished goods inventory :

so ending finished goods inventory $5200

Beginning work in process 0 Direct material cost 8000 Direct labour 3400 Manufacturing overhead 6400 17800 Total manufacturing cost accounted for 17800 Less: Ending work in process (1700) Cost of goods manufactured 16100 Add: Beginning finished goods inventory 4700 Total goods available for sale 20800 Less: Cost of goods sold (27600-12000) (15600) Ending finished goods inventory 5200

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