Required Information [The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company for the yeor ended December 31. Garcon Company $ 12, 100S 18,5se 15,700 10, 500 31,250 20, 400 36,200 17,450 22, 300 7,000 13, 350 34,000 14,950 Pepper Company Pinished goods inventory, beginning Mork in process inventery, beginning Raw materials inventory, beginning Rental cost on factory equipeent Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and adeinistrative expenses Indirect labor Repairs-Factory equipnent Raw naterials purchases selling expenses Sales Cash Accounts receivable, net 21,750 14,400 25,000 15,300 20,se 32,250 47,000 14,620 1,s00 59,500 53,00 382,480 19,200 22,950 5,420 43, S00 se, s00 273,630 30,000 13, 200 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ende December 31. 2 Complete the toble 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 1 Reqare a Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Goods available for sale Cost of goods sold < Required 1
Required Information [The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company for the yeor ended December 31. Garcon Company $ 12, 100S 18,5se 15,700 10, 500 31,250 20, 400 36,200 17,450 22, 300 7,000 13, 350 34,000 14,950 Pepper Company Pinished goods inventory, beginning Mork in process inventery, beginning Raw materials inventory, beginning Rental cost on factory equipeent Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and adeinistrative expenses Indirect labor Repairs-Factory equipnent Raw naterials purchases selling expenses Sales Cash Accounts receivable, net 21,750 14,400 25,000 15,300 20,se 32,250 47,000 14,620 1,s00 59,500 53,00 382,480 19,200 22,950 5,420 43, S00 se, s00 273,630 30,000 13, 200 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ende December 31. 2 Complete the toble 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 1 Reqare a Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Goods available for sale Cost of goods sold < Required 1
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter20: Accounting For Inventory
Section: Chapter Questions
Problem 3AP
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