### Example: Manufacturing Cost Calculation for Company A and Company B#### Direct Materials- **Beginning work in process inventory** - Company A: $7,250 - Company B: $9,000- **Raw materials available for use** - Company A: $7,250 - Company B: $9,000- **Direct materials used** - Company A: $7,250 - Company B: $9,000#### Factory Overhead- **Factory overhead** - Company A: $0 - Company B: $0#### Total Factory Overhead- **Total factory overhead** - Company A: $0 - Company B: $0 #### Total Manufacturing Costs- **Total manufacturing costs** - Company A: $0 - Company B: $0#### Total Cost of Work in Process- **Total cost of work in process** - Company A: $0 - Company B: $0#### Cost of Goods Manufactured- **Cost of goods manufactured** - Company A: $0 - Company B: $0This table summarizes the key financial metrics involved in calculating the cost of manufacturing for two companies. The starting point is the beginning work in process inventory. Both companies have raw materials available and the amount used is indicated. Factory overhead, total factory overhead, total manufacturing costs, and the total cost of work in process are currently shown as zero for both companies, leading to a final cost of goods manufactured also showing zero. **Navigation****Previous Page:** Page 4 of 5**Next Page:** Click on 'Next' to proceed ### Required Information#### [The following information applies to the questions displayed below.]The following data is provided for Garcon Company and Pepper Company.| **Item** | **Garcon Company** | **Pepper Company** ||----------------------------------------------------|--------------------|--------------------|| Beginning finished goods inventory | $14,200 | $17,050 || Beginning work in process inventory | 16,000 | 20,100 || Beginning raw materials inventory (direct materials)| 9,500 | 13,350 || Rental cost on factory equipment | 22,500 | 22,300 || Direct labor | 32,200 | 37,400 || Ending finished goods inventory | 26,900 | 14,800 || Ending work in process inventory | 26,200 | 19,800 || Ending raw materials inventory | 5,800 | 8,400 || Factory utilities | 15,000 | 13,750 || Factory supplies used (indirect materials) | 15,000 | 5,300 || General and administrative expenses | 55,100 | 46,000 || Indirect labor | 1,650 | 8,260 || Repairs—Factory equipment | 1,820 | 2,950 || Raw materials purchases | 47,500 | 54,500 || Selling expenses | 34,000 | 55,000 || Sales | 249,030 | 327,510 || Cash | 34,000 | 17,700 || Factory equipment, net | 277,500 | 148,825 || Accounts receivable, net | 16,600 | 22,450 |#### Explanation:The table above presents financial data for two companies: Garcon Company and Pepper Company. The data includes various inventory figures, factory-associated costs, administrative expenses, and income-related amounts, providing a comparative overview of their financial standings for key operational elements. The figures include beginning and ending inventories for finished goods, work in process, and raw materials; factory utilities and repairs; expenses related to both direct and indirect labor; costs

Cost of goods manufactured = Beginning WIP + Direct materials + direct labor + manufacturing…

Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,200 16,000 9,500 32,250 22,200 20,900 26,200 5,800 15,000 10,000 25,500 1,650 7,820 47,500 57,600 249,030 34,000 277,500 16,600 Pepper Company $ 17,050 20,100 13,350 22,300 37,400 14,800 19,800 8,400 13,750 5,300 46,000 8,260 2,950 54,500 55,000 327,510 17,700 148,825 22,450

Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,200 16,000 9,500 32,250 22,200 20,900 26,200 5,800 15,000 10,000 25,500 1,650 7,820 47,500 57,600 249,030 34,000 277,500 16,600 Pepper Company $ 17,050 20,100 13,350 22,300 37,400 14,800 19,800 8,400 13,750 5,300 46,000 8,260 2,950 54,500 55,000 327,510 17,700 148,825 22,450

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter5: Database Management System

Section: Chapter Questions

Problem 12DQ

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