Required Information [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 experises Sales Cash Accounts receivable, net Garcon Company $ 13,600 18,900 11,900 31,000 21,400 17,450 27,400 5,400 10,050 25,000 14,300 7.700 39,000 56,400 288,720 20,000 14,800 Pepper Company $ 18,700 22,500 13,500 23.350 44,200 15,400 20,000 8,000 16,250 58,500 12,220 2,250 64,000 52,000 382.100 22.200 24,700 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required 1 Required 2
Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31.
Direct materials
Raw materials available for use
Direct materials used
Factory overhead
Total factory overhead
Total manufacturing costs
Total cost of work in process
Cost of goods manufactured
Required 1 Required 2
Garcon
Company
Complete this question by entering your answers in the tabs below.
Goods available for sale
Cost of goods sold
Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31.
Pepper
Company
Garcon Pepper
Company Company
Required 2 >
< Required 1
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Required 1 Required 2 Garcon Company Complete this question by entering your answers in the tabs below. Goods available for sale Cost of goods sold Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Pepper Company Garcon Pepper Company Company Required 2 > < Required 1
Required Information
[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.
Garcon
Company
$ 13,600
18,900
11,900
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
31,000
21,400
17,450
27,400
5,400
10.050
25,000
14,300
7.700
39,000
56,400
288,720
20,000
14,800
Pepper
Company
$ 18,700
22,500
13,500
23,350
44,200
15,400
20,000
8,000
16,250
58,500
12,220
2.250
64,000
52,300
382,100
22,200
24,700
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31.
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31.
Complete this question by entering your answers in the tabs below.
Transcribed Image Text:Required Information [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. Garcon Company $ 13,600 18,900 11,900 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 31,000 21,400 17,450 27,400 5,400 10.050 25,000 14,300 7.700 39,000 56,400 288,720 20,000 14,800 Pepper Company $ 18,700 22,500 13,500 23,350 44,200 15,400 20,000 8,000 16,250 58,500 12,220 2.250 64,000 52,300 382,100 22,200 24,700 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Complete this question by entering your answers in the tabs below.
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