he costs Required 2 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![[The following information applies to the questions displayed below.]
The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
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
$ 14, 200
18, 200
10, 600
28,000
24, 200
21, 200
27,700
5,500
10, 800
27,000
13, 200
5,186
39,000
57, 200
287,670
24,000
13,400
Pepper
Company
$ 18,400
20,400
11,850
22,990
37,000
14, 100.
22,000
9,000
14,750
51,000
11,780
1,700
53,000
47,800
377,260
18. 200
20,700](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F38645cca-e606-47fd-b3fc-eaaf6c321248%2F6e08f930-1968-4266-a260-a11d0440c1b8%2Fhtky6hl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[The following information applies to the questions displayed below.]
The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
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
$ 14, 200
18, 200
10, 600
28,000
24, 200
21, 200
27,700
5,500
10, 800
27,000
13, 200
5,186
39,000
57, 200
287,670
24,000
13,400
Pepper
Company
$ 18,400
20,400
11,850
22,990
37,000
14, 100.
22,000
9,000
14,750
51,000
11,780
1,700
53,000
47,800
377,260
18. 200
20,700
Transcribed Image Text:Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the total prime costs for both Garcon Company and Pepper Company.
Pepper
Company
Total prime costs
Required 1
Complete this question by entering your answers in the tabs below.
Required 2
Garcon
Company
Total conversion costs
Compute the total conversion costs for both Garcon Company and Pepper Company.
Garcon
Company
Required 2 >
Pepper
Company
< Required 1
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