Homework Help is Here – Start Your Trial Now!
Business
Accounting
! 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 >

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 12EA: What are the total costs to account for if a companys beginning inventory had $231,432 in materials,...
See similar textbooks
icon
Related questions
Question
! 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 >
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS