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 $ 14,800 Pepper Company $ 17,650 15,500 23,850 9,400 12,600 34,000 23,950 21,200 42,600 Finished goods inventory, ending 20,900 14,100 Work in process inventory, ending 25,000 16,600 Raw materials inventory, ending 6,100 9,000 Factory utilities 11,250 17,000 General and administrative expenses 33,000 54,000 Indirect labor 12,450 11,300 Repairs-Factory equipment 6,020 3,300 Raw materials purchases 35,000 54,500 Selling expenses 61,200 52,000 Sales 295,320 370,250 Cash 30,000 19,200 Accounts receivable, net 14,000 23,950 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Direct materials used $ 38,300 $ Direct labor 21,200 58,000 × 42,600 Total prime costs $ 59,500 $ 100,600 x 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 $ 14,800 Pepper Company $ 17,650 15,500 23,850 9,400 12,600 34,000 23,950 21,200 42,600 Finished goods inventory, ending 20,900 14,100 Work in process inventory, ending 25,000 16,600 Raw materials inventory, ending 6,100 9,000 Factory utilities 11,250 17,000 General and administrative expenses 33,000 54,000 Indirect labor 12,450 11,300 Repairs-Factory equipment 6,020 3,300 Raw materials purchases 35,000 54,500 Selling expenses 61,200 52,000 Sales 295,320 370,250 Cash 30,000 19,200 Accounts receivable, net 14,000 23,950 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Direct materials used $ 38,300 $ Direct labor 21,200 58,000 × 42,600 Total prime costs $ 59,500 $ 100,600 x Required 1 Required 2 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
dls.3
![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
$ 14,800
Pepper
Company
$ 17,650
15,500
23,850
9,400
12,600
34,000
23,950
21,200
42,600
Finished goods inventory, ending
20,900
14,100
Work in process inventory, ending
25,000
16,600
Raw materials inventory, ending
6,100
9,000
Factory utilities
11,250
17,000
General and administrative expenses
33,000
54,000
Indirect labor
12,450
11,300
Repairs-Factory equipment
6,020
3,300
Raw materials purchases
35,000
54,500
Selling expenses
61,200
52,000
Sales
295,320
370,250
Cash
30,000
19,200
Accounts receivable, net
14,000
23,950
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.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the total prime costs for both Garcon Company and Pepper Company.
Garcon
Company
Pepper
Company
Direct materials used
$
38,300
$
Direct labor
21,200
58,000 ×
42,600
Total prime costs
$
59,500
$
100,600 x
Required 1
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1cfdfc38-91b0-4508-9ea5-ec5503372db8%2F90aba232-b5fc-4387-807f-44dc9dc60d9b%2Fd5c088_processed.png&w=3840&q=75)
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
$ 14,800
Pepper
Company
$ 17,650
15,500
23,850
9,400
12,600
34,000
23,950
21,200
42,600
Finished goods inventory, ending
20,900
14,100
Work in process inventory, ending
25,000
16,600
Raw materials inventory, ending
6,100
9,000
Factory utilities
11,250
17,000
General and administrative expenses
33,000
54,000
Indirect labor
12,450
11,300
Repairs-Factory equipment
6,020
3,300
Raw materials purchases
35,000
54,500
Selling expenses
61,200
52,000
Sales
295,320
370,250
Cash
30,000
19,200
Accounts receivable, net
14,000
23,950
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.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the total prime costs for both Garcon Company and Pepper Company.
Garcon
Company
Pepper
Company
Direct materials used
$
38,300
$
Direct labor
21,200
58,000 ×
42,600
Total prime costs
$
59,500
$
100,600 x
Required 1
Required 2 >
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