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 i Pactory utilities General and administrative expenses Indirect labor Repairk-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 14,700 15,100 7,400 34,000 22,400 18,500 23,200 7,000 10,200 26,500 10,850 7,220 40,500 64,000 296,610 26,000 14,000 Pepper Company $ 17,350 22,350 13,050 23,800 43,800 14,200 17,200 9,200 13,250 55,000 11,840. 3,500 67,000 46,900 379,690 22,200 21,200

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 i Pactory utilities General and administrative expenses Indirect labor Repairk-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 14,700 15,100 7,400 34,000 22,400 18,500 23,200 7,000 10,200 26,500 10,850 7,220 40,500 64,000 296,610 26,000 14,000 Pepper Company $ 17,350 22,350 13,050 23,800 43,800 14,200 17,200 9,200 13,250 55,000 11,840. 3,500 67,000 46,900 379,690 22,200 21,200

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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