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 Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 15,000 16,600 9,300 34,750 22, 200 20,600 24,400 7,400 14,100 23,500 15,350 6,260 43,000 55,200 279,630 33,000 16,000 Pepper Company $ 17,200 21,600 13,500 22,750 41,000 16,300 18,400 9,400 13,250 57,500 14,000 3,700 62,000 48,100 396,810 22,700 19,950
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 Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 15,000 16,600 9,300 34,750 22, 200 20,600 24,400 7,400 14,100 23,500 15,350 6,260 43,000 55,200 279,630 33,000 16,000 Pepper Company $ 17,200 21,600 13,500 22,750 41,000 16,300 18,400 9,400 13,250 57,500 14,000 3,700 62,000 48,100 396,810 22,700 19,950
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
Indirect labor
Repairs-Factory equipment
Raw materials purchases
Selling expenses
Sales
Cash
Accounts receivable, net
Garcon
Company
$ 15,000
16,600
9,300
34,750
22, 200
20,600
24,400
7,400
14, 100
23,500
15,350
6,260
43,000
55,200
279,630
33,000
16,000
Pepper
Company
$ 17,200
21,600
13,500
22,750
41,000
16,300
18,400
9,400
13,250
57,500
14,000
3,700
62,000
48,100
396,810
22,700
19,950
Transcribed Image Text:Prepare the current asset section of the balance sheet for Garcon Company.
GARCON COMPANY
Balance Sheet-Current Assets Section
December 31
Total current assets
Prepare the current asset section of the balance sheet for Pepper Company.
PEPPER COMPANY
Balance Sheet-Current Assets Section
December 31
otal current assets
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