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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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