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

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...
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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
Finished goods inventory, ending
Work in process inventory, ending
Raw materials inventory, ending
Factory utilities
General and administrative expenses
Indirect labor
Repair-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
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.
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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repair-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 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.
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