4. Smooth Sounds manufactures and sells a new line of MP-3 players. Unfortunately, Smooth Sounds suffered serious fire damage at its home office. As a result, the accounting record for October were partially destroyed- and completely jumbled. Smooth Sounds has hired you to help figure out the missing pieces of the accounting puzzle. k in process inventory, October 31. shed goods inventory, October 1... ct labour in October.... Accounts payable, October 1.. . Direct materials used in October.... Accounts payable, October 31. $1,500 $3,000 8,000 4,300 3,000 5,200
4. Smooth Sounds manufactures and sells a new line of MP-3 players. Unfortunately, Smooth Sounds suffered serious fire damage at its home office. As a result, the accounting record for October were partially destroyed- and completely jumbled. Smooth Sounds has hired you to help figure out the missing pieces of the accounting puzzle. k in process inventory, October 31. shed goods inventory, October 1... ct labour in October.... Accounts payable, October 1.. . Direct materials used in October.... Accounts payable, October 31. $1,500 $3,000 8,000 4,300 3,000 5,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![4. Smooth Sounds manufactures and sells a new line of MP-3 players. Unfortunately,
Smooth Sounds suffered serious fire damage at its home office. As a result, the
accounting record for October were partially destroyed- and completely jumbled.
Smooth Sounds has hired you to help figure out the missing pieces of the accounting
puzzle.
Work in process inventory, October 31. $1,500
Finished goods inventory, October 1...
Direct labour in October.. ..
Purchase of direct materials in October
Work in process inventory, October 1...
Revenues in October....
Accounts receivable, October 1....
Gross profit in October...
Accounts payable, October 1...
Direct materials used in October...
Accounts payable, October 31..
Accounts receivable, October 31.
Direct materials inventory, Oct. 31....
Manufacturing Overhead in October.
$3,000
8,000
5,200
6,500
3,000
6,300
4,300
3,000
9,000
***
27,000
2,000
12,000
*****
Required: Compute the following amounts
i)
ii)
iii)
iv)
v)
Manufacturing costs
Cost of goods manufactured in October
Cost of goods sold in October
Beginning direct materials inventory
Ending finished goods inventory](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf35951d-b484-46bb-ac46-25fb67c2f562%2F0a42cc17-5d13-4af6-9627-b04e6c5eb8e0%2F577cih_processed.jpeg&w=3840&q=75)
Transcribed Image Text:4. Smooth Sounds manufactures and sells a new line of MP-3 players. Unfortunately,
Smooth Sounds suffered serious fire damage at its home office. As a result, the
accounting record for October were partially destroyed- and completely jumbled.
Smooth Sounds has hired you to help figure out the missing pieces of the accounting
puzzle.
Work in process inventory, October 31. $1,500
Finished goods inventory, October 1...
Direct labour in October.. ..
Purchase of direct materials in October
Work in process inventory, October 1...
Revenues in October....
Accounts receivable, October 1....
Gross profit in October...
Accounts payable, October 1...
Direct materials used in October...
Accounts payable, October 31..
Accounts receivable, October 31.
Direct materials inventory, Oct. 31....
Manufacturing Overhead in October.
$3,000
8,000
5,200
6,500
3,000
6,300
4,300
3,000
9,000
***
27,000
2,000
12,000
*****
Required: Compute the following amounts
i)
ii)
iii)
iv)
v)
Manufacturing costs
Cost of goods manufactured in October
Cost of goods sold in October
Beginning direct materials inventory
Ending finished goods inventory
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