1

I only need part C please. Rapid Electronics manufactures and sells a line of music. Unfortunately,...

Question

I only need part C please. Rapid Electronics manufactures and sells a line of music. Unfortunately,...

I only need part C please.

Rapid Electronics manufactures and sells a line of music. Unfortunately, Rapid Electronics suffered serious fire damage at it
onics ns (Click the icon to view the amounts.) Requirement Find the following amounts: a. Cost of Goods Sold in October b. Be
v VIOLENOID HIGHET UIT SOLLILLOILO LE Data Table Ing Revenues in October.. $ 27,600 Work in process inventory, October 31....
Rapid Electronics manufactures and sells a line of music. 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 Ending raw materials inventory 3.300 8,800 Direct materials used $ c. Find the Ending Finished Goods Inventory. Before we can determine the missing amount for ending Finished Goods Inventory, we will first need to calculate the cost of Goods M column) 8800 Beginning work in process inventory Direct materials used Direct labor Manufacturing overhead Total manufacturing costs to account for Ending work in process inventory 3000 6300 Cost of goods manufactured Choose from any list or enter any number in the input fields and then click Check Answer
onics ns (Click the icon to view the amounts.) Requirement Find the following amounts: a. Cost of Goods Sold in October b. Beginning Raw Materials Inventory c. Ending Finished Goods Inventory
v VIOLENOID HIGHET UIT SOLLILLOILO LE Data Table Ing Revenues in October.. $ 27,600 Work in process inventory, October 31..... $ 1,600 Raw materials inventory, October 31 $ 3,300 Direct labor in October $ 3,000 Manufacturing overhead in October ..... $ 6,300 Work in process inventory, October 1 $ 0 Finished goods inventory, October 1 $ 4,500 Direct materials used in October .......... $ 8,800 Gross profit in October ..$ 12,800 Purchases of direct materials in October ... $ 9.300 Print Done

Answers

Direct materials used 8,800
Direct labor 3,000
Manufacturing overheads 6,300
Total manufacturing overheads 18,100
Work in process, beginning 0
Work in process, ending - 1,600
Cost of goods manufactured $16,500

Cost of goods sold = Revenues - Gross profit

= 27,600 - 12,800

= $14,800

Cost of goods sold = Cost of goods manufactured + Beginning finished goods - Ending finished goods

14,800 = 16,500 + 4,500 - Ending finished goods

Ending finished goods = $6,200

Please ask if you have any query related to the question. Thank you


Similar Solved Questions

1 answers
You may need to use the appropriate table in the Appendix of Tables to answer this...
You may need to use the appropriate table in the Appendix of Tables to answer this question 2. (15/25 Points) DETAILS PREVIOUS ANSWERS DEVORESTAT9 4.E.060. Let X denote the distance (m) that an animal moves from its birth site to the first territorial vacancy it encounters. Suppone kangaroo rats, X ...
1 answers
A rocket consumes fuel at a rate of 5840 kg/s. The exhaust speed is 1670m/s. The...
A rocket consumes fuel at a rate of 5840 kg/s. The exhaust speed is 1670m/s. The acceleration of gravity = 9.8 m/s^2. What is the thrust of the rocket?...
1 answers
West Corporation reported the following consolidated data for 20X2: Sales $ 1,165,000 Consolidated income before taxes...
West Corporation reported the following consolidated data for 20X2: Sales $ 1,165,000 Consolidated income before taxes 136,000 Total assets 1,280,000 Data reported for West’s four operating divisions are as follows: Division A Division B Division C Division D Sales...
1 answers
Chapter 6 Assignment i Saved Juniper Enterprises sells handmade clocks. Its variable cost per clock is...
Chapter 6 Assignment i Saved Juniper Enterprises sells handmade clocks. Its variable cost per clock is $16.10, and each clock sells for $23. 10 Calculate Juniper's contribution margin per unit and contribution margin ratio. If the company's fixed costs total $5,037, determine how many clocks...
1 answers
Vinegar is a Solotion of acek acid in waler Lithi hydtoxide, LiOH sed +o delemne the...
Vinegar is a Solotion of acek acid in waler Lithi hydtoxide, LiOH sed +o delemne the acetic acid, HCH2 Con ceatration in the vinegac SlutionAo0 mL Sample of vinegar wa hioled ha 0.200 M LIOH selotion. The acid Sanple fequiced 10.00 mL of the base to reach the equivalence paitt Remembec the Lithi lon...
1 answers
Which of the following is correct with respect to Debt Service Funds? Multiple Choice Debt service...
Which of the following is correct with respect to Debt Service Funds? Multiple Choice Debt service funds account for and report finencial resources that are restricted, committed or assigned to expenditure for principle and interest for al governmental long-term debt Debt service funds must acerue i...
1 answers
1) Hospital stays are getting longer for older adults over the past decades True False 2)...
1) Hospital stays are getting longer for older adults over the past decades True False 2) Which of the following medical insurance programs requires the recipient to pay monthly premiums and is considered supplementary? Medicare Part A Social Security Medicaid Medicare Part B...
1 answers
John Smith is a 65-year-old retiree who is admitted to your unit from the emergency department...
John Smith is a 65-year-old retiree who is admitted to your unit from the emergency department (Ed). On arrival, you note that he is trembling and nearly doubled over with severe abdominal pain. John indicates that he has severe pain in the right upper quadrant (RUQ) of his abdomen that radiates thr...
1 answers
QUESTION 11 What is the maximal flow on this graph? 3 05
QUESTION 11 What is the maximal flow on this graph? 3 05...
1 answers
Standing in an elevator, you step onto a scale. As the elevator begins to move downward,...
Standing in an elevator, you step onto a scale. As the elevator begins to move downward, what will the scale read? A. Your weight. B. More than your normal weight. C. Less than your normal weight....
1 answers
C language This assignment is to write a program to score the paper-rock-scissors game AGAIN. Each...
c language This assignment is to write a program to score the paper-rock-scissors game AGAIN. Each of two players enters either P, R, or S. The program then announces the winner as well as the basis for determining the winner: “Paper covers rock”, “Rock breaks scissors”, &ldq...
1 answers
What if you find multiple students performing the exam incorrectly and they say your peer faculty...
what if you find multiple students performing the exam incorrectly and they say your peer faculty taught them. what would you do?...
1 answers
2 pts A set of crash tests consists of running a test car, moving at a...
2 pts A set of crash tests consists of running a test car, moving at a speed of 12.2 m/s, into a solid wall. Strapped securely in an advanced seat belt system, a 69.0 kg dummy is found to move a distance of 0.900 m from the moment the car touches the wall until the time the car is stopped. Calculate...
1 answers
Could someone please provide me with assistance on this question. Thanks in advance.. For this question...
Could someone please provide me with assistance on this question. Thanks in advance.. For this question we will be using P/E ratio. Coca-Cola P/E Ratio = 26.32 Dr. Pepper P/E Ratio = 36.68 Pepsi P/E Ratio = 28.27 Comparing the P/E ratio of Coca-Cola Co with major competitors, Dr. Pepper and Pepsi. I...

-- 0.014647--