### Educational Resource: Cost of Goods Manufactured and Sold Analysis#### Data for Garcon Company and Pepper CompanyThe table below presents various inventory and expense figures for Garcon Company and Pepper Company, relevant to the year ended December 31, 2019. These figures are used to calculate the cost of goods manufactured and sold.| **Description** | **Garcon Company** | **Pepper Company** ||--------------------------------------------------|--------------------|--------------------|| Beginning finished goods inventory | 18,400 | 37,500 || Beginning work in process inventory | 14,800 | 23,550 || Beginning raw materials inventory (direct materials) | 7,400 | 14,450 || Rental cost on factory equipment | 3,800 | 4,520 || Direct labor | 14,600 | 15,400 || Ending finished goods inventory | 21,200 | 36,400 || Ending work in process inventory | 16,600 | 25,000 || Ending raw materials inventory | 2,400 | 4,600 || Factory utilities expense | 17,000 | 29,600 || Factory supplies used (indirect materials) | 12,750 | 12,750 || General and administrative expenses | 8,600 | 9,700 || Indirect labor | 3,100 | 4,500 || Repairs-factory equipment | 7,460 | 3,920 || Raw materials purchases | 33,400 | 59,500 || Selling expenses | 27,600 | 34,800 || Cash | 253,530 | 390,010 || Factory equipment, net | 212,000 | 241,000 || Accounts receivable, net | 16,200 | 19,700 |### Requirements1. **Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019.**2. **Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December

Answer 1 Cost of goods manufactured Garcon Pepper Beginning Raw material inventory…

Answered: Required: 1 Complete the table to find…

Business

Accounting

Required: 1 Complete the table to find the cost of goods manL December 31, 2019. 2 Complot

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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Question

### Educational Resource: Cost of Goods Manufactured and Sold Analysis

#### Data for Garcon Company and Pepper Company

The table below presents various inventory and expense figures for Garcon Company and Pepper Company, relevant to the year ended December 31, 2019. These figures are used to calculate the cost of goods manufactured and sold.

| **Description** | **Garcon Company** | **Pepper Company** |
|--------------------------------------------------|--------------------|--------------------|
| Beginning finished goods inventory | 18,400 | 37,500 |
| Beginning work in process inventory | 14,800 | 23,550 |
| Beginning raw materials inventory (direct materials) | 7,400 | 14,450 |
| Rental cost on factory equipment | 3,800 | 4,520 |
| Direct labor | 14,600 | 15,400 |
| Ending finished goods inventory | 21,200 | 36,400 |
| Ending work in process inventory | 16,600 | 25,000 |
| Ending raw materials inventory | 2,400 | 4,600 |
| Factory utilities expense | 17,000 | 29,600 |
| Factory supplies used (indirect materials) | 12,750 | 12,750 |
| General and administrative expenses | 8,600 | 9,700 |
| Indirect labor | 3,100 | 4,500 |
| Repairs-factory equipment | 7,460 | 3,920 |
| Raw materials purchases | 33,400 | 59,500 |
| Selling expenses | 27,600 | 34,800 |
| Cash | 253,530 | 390,010 |
| Factory equipment, net | 212,000 | 241,000 |
| Accounts receivable, net | 16,200 | 19,700 |

### Requirements

1. **Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019.**
2. **Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December

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