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, Garcon Pepper Company Company $ $ beginning 13,200 18,550 Work in process inventory, beginning 17,700 22,500 Raw materials inventory, beginning 7,700 14,100 Rental cost on factory equipment 31,000 24,100 Direct labor 24,200 43,800 Finished goods inventory, 19,700 13,800 ending Work in process inventory, ending 24,400 21,000 Raw materials inventory, ending 6,700 7,600 Repairs-Factory equipment Factory utilities General and administrative expenses Indirect labor Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 12,300 17,000 34,000 53,500 13,000 14,000 6,500 3,550 36,000 68,000 50,400 56,800 297,600 379,360 27,000 24,200 15,000 20,950 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
Garcon Pepper
Company Company
$
$
13,200 18,550
Work in process inventory,
beginning
17,700 22,500
Raw materials inventory,
beginning
7,700 14,100
Rental cost on factory
equipment
31,000 24,100
Direct labor
24,200 43,800
Finished goods inventory,
19,700 13,800
ending
Work in process inventory,
ending
24,400 21,000
Raw materials inventory,
ending
6,700 7,600
Factory utilities
General and administrative
expenses
Indirect labor
Repairs-Factory equipment
Raw materials purchases
Selling expenses
Sales
Cash
Accounts receivable, net
12,300 17,000
34,000 53,500
13,000
14,000
6,500
3,550
36,000 68,000
50,400
56,800
297,600 379,360
27,000 24,200
15,000 20,950
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.
Complete this question by entering your answers in the tabs below.
Required Required
1
2
Complete the table to find the cost of goods manufactured for both Garcon Company and
Pepper Company for the year ended December 31.
Direct materials
Raw materials available for
use
Direct materials used
Factory overhead
Total factory overhead
Total manufacturing costs
Garcon
Company
Pepper
Company
Total cost of work in process
Cost of goods manufactured
< Required 1
Required 2 >
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 Garcon Pepper Company Company $ $ 13,200 18,550 Work in process inventory, beginning 17,700 22,500 Raw materials inventory, beginning 7,700 14,100 Rental cost on factory equipment 31,000 24,100 Direct labor 24,200 43,800 Finished goods inventory, 19,700 13,800 ending Work in process inventory, ending 24,400 21,000 Raw materials inventory, ending 6,700 7,600 Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 12,300 17,000 34,000 53,500 13,000 14,000 6,500 3,550 36,000 68,000 50,400 56,800 297,600 379,360 27,000 24,200 15,000 20,950 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. Complete this question by entering your answers in the tabs below. Required Required 1 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Garcon Company Pepper Company Total cost of work in process Cost of goods manufactured < Required 1 Required 2 >
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