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. Рерper Company $ 19,300 22,500 14,550 25,300 37,000 15,700 22,000 8,000 14,500 49,500 12,080 2,400 54,000 46, 300 374,590 18, 200 23,950 Garcon 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 Company $ 12,400 18,500 10,000 33, 250 21,400 19, 250 26, 200 7,600 14,100 29,500 14,100 5,180 43,500 60,400 279,510 28,000 13,600 Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company.

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. Рерper Company $ 19,300 22,500 14,550 25,300 37,000 15,700 22,000 8,000 14,500 49,500 12,080 2,400 54,000 46, 300 374,590 18, 200 23,950 Garcon 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 Company $ 12,400 18,500 10,000 33, 250 21,400 19, 250 26, 200 7,600 14,100 29,500 14,100 5,180 43,500 60,400 279,510 28,000 13,600 Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company.

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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