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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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: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
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
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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