December 31. Garcon Реpper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 46,000 290,010 15,700 19,450 Company $ 12,000 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 50,000 195,030 20,000 13,200 Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net ompute the total prime costs for both Garcon Company and Pepper Company. ompute the total conversion costs for both Garcon Company and Pepper Company.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following data is provided for Garcon Company and Pepper Company for the year ended
December 31.
Garcon
Реpper
Company
$ 12,000
14,500
7,250
27,000
19,000
17,650
22,000
5,300
9,000
21,000
9,450
4,780
33,000
50,000
195,030
20,000
13,200
Company
$ 16,450
19,950
9,000
22,750
35,000
13,300
16,000
7,200
12,000
Finished goods inventory, beginning
Work in process inventory, beginning
Raw materials inventory, beginning
Rental cost on factory equipment
Direct labor
Finished goods inventory, ending
Work in process inventory, ending
Raw materials inventory, ending
Factory utilities
General and administrative expenses
43,000
10,860
1,500
52,000
46,000
Indirect labor
Repairs-Factory equipment
Raw materials purchases
Selling expenses
Sales
290,010
15,700
Cash
Accounts receivable, net
19,450
Compute the total prime costs for both Garcon Company and Pepper Company.
Compute the total conversion costs for both Garcon Company and Pepper Company.
Transcribed Image Text:The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Реpper Company $ 12,000 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 50,000 195,030 20,000 13,200 Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses 43,000 10,860 1,500 52,000 46,000 Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales 290,010 15,700 Cash Accounts receivable, net 19,450 Compute the total prime costs for both Garcon Company and Pepper Company. Compute the total conversion costs for both Garcon Company and Pepper Company.
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