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! 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 Garcon Company $ 12,800 12,150 Pepper Company $ 18,850 15,600 21,000 7,200 31,000 26,200 19,600 39,000 Finished goods inventory, ending 21,950 13,400 Work in process inventory, ending 26,800 20,800 Raw materials inventory, ending 7,000 7,400 Factory utilities 12,600 17,500 General and administrative expenses 22,000 54,500 Indirect labor 11,950 14,180 Repairs-Factory equipment 7,220 1,650 Raw materials purchases 41,000 60,000 Selling expenses 62,400 52,600 Sales 295,830 373,230 Cash 29,000 16,700 Accounts receivable, net 14,600 23,700 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 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Penner Company for the year ended Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Goods available for sale Cost of goods sold Garcon Company Pepper Company $ 0 $ 0 < Required 1 Required 2 >

! 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 Garcon Company $ 12,800 12,150 Pepper Company $ 18,850 15,600 21,000 7,200 31,000 26,200 19,600 39,000 Finished goods inventory, ending 21,950 13,400 Work in process inventory, ending 26,800 20,800 Raw materials inventory, ending 7,000 7,400 Factory utilities 12,600 17,500 General and administrative expenses 22,000 54,500 Indirect labor 11,950 14,180 Repairs-Factory equipment 7,220 1,650 Raw materials purchases 41,000 60,000 Selling expenses 62,400 52,600 Sales 295,830 373,230 Cash 29,000 16,700 Accounts receivable, net 14,600 23,700 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 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Penner Company for the year ended Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Goods available for sale Cost of goods sold Garcon Company Pepper Company $ 0 $ 0 < Required 1 Required 2 >

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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! 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 Garcon Company $ 12,800 12,150 Pepper Company $ 18,850 15,600 21,000 7,200 31,000 26,200 19,600 39,000 Finished goods inventory, ending 21,950 13,400 Work in process inventory, ending 26,800 20,800 Raw materials inventory, ending 7,000 7,400 Factory utilities 12,600 17,500 General and administrative expenses 22,000 54,500 Indirect labor 11,950 14,180 Repairs-Factory equipment 7,220 1,650 Raw materials purchases 41,000 60,000 Selling expenses 62,400 52,600 Sales 295,830 373,230 Cash 29,000 16,700 Accounts receivable, net 14,600 23,700 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 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Penner Company for the year ended
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. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 12,800 12,150 Pepper Company $ 18,850 15,600 21,000 7,200 31,000 26,200 19,600 39,000 Finished goods inventory, ending 21,950 13,400 Work in process inventory, ending 26,800 20,800 Raw materials inventory, ending 7,000 7,400 Factory utilities 12,600 17,500 General and administrative expenses 22,000 54,500 Indirect labor 11,950 14,180 Repairs-Factory equipment 7,220 1,650 Raw materials purchases 41,000 60,000 Selling expenses 62,400 52,600 Sales 295,830 373,230 Cash 29,000 16,700 Accounts receivable, net 14,600 23,700 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 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Penner Company for the year ended
Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Goods available for sale Cost of goods sold Garcon Company Pepper Company $ 0 $ 0 < Required 1 Required 2 >
Transcribed Image Text:Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Goods available for sale Cost of goods sold Garcon Company Pepper Company $ 0 $ 0 < Required 1 Required 2 >
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