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 Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 12,700 16,000 11,200 29,000 19, 200 18,500 22,300 6,100 9,150 28,000 11,250 7,580 41,500 61,600 287,520 25,000 15,000 Pepper Company $ 17,800 22, 200 14,850 26,950 40,200 16,400 21,000 9,200 17,250 49,500 14,760 1,600 66,000 59, 200 375,030 18, 200 20, 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 Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 12,700 16,000 11,200 29,000 19, 200 18,500 22,300 6,100 9,150 28,000 11,250 7,580 41,500 61,600 287,520 25,000 15,000 Pepper Company $ 17,800 22, 200 14,850 26,950 40,200 16,400 21,000 9,200 17,250 49,500 14,760 1,600 66,000 59, 200 375,030 18, 200 20, 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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