! 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. Garcon Company Pepper Company Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor $ 13,400 18,700 $ 17,200 23,100 8,200 12,150 31,500 24,550 23,200 37,000 Finished goods inventory, ending 17,600 13,000 Work in process inventory, ending Raw materials inventory, ending Factory utilities 24,400 20,200 5,500 9,000 13,050 14,500 General and administrative expenses 34,500 47,500 Indirect labor 11,850 13,220 Repairs-Factory equipment 5,660 2,500 Raw materials purchases 34,000 60,000 Selling expenses 51,200 57,700 Sales 271,530 383,730 Cash 24,000 18,200 Accounts receivable, net 14,600 23,950 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.
! 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. Garcon Company Pepper Company Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor $ 13,400 18,700 $ 17,200 23,100 8,200 12,150 31,500 24,550 23,200 37,000 Finished goods inventory, ending 17,600 13,000 Work in process inventory, ending Raw materials inventory, ending Factory utilities 24,400 20,200 5,500 9,000 13,050 14,500 General and administrative expenses 34,500 47,500 Indirect labor 11,850 13,220 Repairs-Factory equipment 5,660 2,500 Raw materials purchases 34,000 60,000 Selling expenses 51,200 57,700 Sales 271,530 383,730 Cash 24,000 18,200 Accounts receivable, net 14,600 23,950 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Hardev
![!
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.
Garcon
Company
Pepper
Company
Finished goods inventory, beginning
Work in process inventory, beginning
Raw materials inventory, beginning
Rental cost on factory equipment
Direct labor
$ 13,400
18,700
$ 17,200
23,100
8,200
12,150
31,500
24,550
23,200
37,000
Finished goods inventory, ending
17,600
13,000
Work in process inventory, ending
Raw materials inventory, ending
Factory utilities
24,400
20,200
5,500
9,000
13,050
14,500
General and administrative expenses
34,500
47,500
Indirect labor
11,850
13,220
Repairs-Factory equipment
5,660
2,500
Raw materials purchases
34,000
60,000
Selling expenses
51,200
57,700
Sales
271,530
383,730
Cash
24,000
18,200
Accounts receivable, net
14,600
23,950
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F10219a8e-1b36-4dab-aecc-06263a5f6099%2Fee43659c-6f09-451c-a82e-b660724f8af7%2F8udcscr_processed.jpeg&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.
Garcon
Company
Pepper
Company
Finished goods inventory, beginning
Work in process inventory, beginning
Raw materials inventory, beginning
Rental cost on factory equipment
Direct labor
$ 13,400
18,700
$ 17,200
23,100
8,200
12,150
31,500
24,550
23,200
37,000
Finished goods inventory, ending
17,600
13,000
Work in process inventory, ending
Raw materials inventory, ending
Factory utilities
24,400
20,200
5,500
9,000
13,050
14,500
General and administrative expenses
34,500
47,500
Indirect labor
11,850
13,220
Repairs-Factory equipment
5,660
2,500
Raw materials purchases
34,000
60,000
Selling expenses
51,200
57,700
Sales
271,530
383,730
Cash
24,000
18,200
Accounts receivable, net
14,600
23,950
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.
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