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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 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

FINANCIAL ACCOUNTING
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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Required Information (The following information applies to the questions displayed below.) The following dato is provided for Garcon Company and Pepper Company for the yeor ended December 31. Garcon Company $ 12, 100 15,700 10, s00 31,250 20, 400 17,450 22,300 7.000 13,350 34,000 14,950 5,420 43, 500 se, s00 273,630 30, 000 13, 200 Pinished goods inventory, beginning Mork in process inventory, 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 Pepper Company $ 18,55e 21,750 14,400 25,ees 36,200 15,300 20,6es 12,250 47,000 14,628 Repairs-Factory equipeent Raw materials purchases Selling expenses Sales Cash 1,see 59,500 53,00 382,480 19,200 22,95e Accounts receivable, net 1. Complete the toble to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended 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. Requin a Required 1 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
Transcribed Image Text:Required Information (The following information applies to the questions displayed below.) The following dato is provided for Garcon Company and Pepper Company for the yeor ended December 31. Garcon Company $ 12, 100 15,700 10, s00 31,250 20, 400 17,450 22,300 7.000 13,350 34,000 14,950 5,420 43, 500 se, s00 273,630 30, 000 13, 200 Pinished goods inventory, beginning Mork in process inventory, 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 Pepper Company $ 18,55e 21,750 14,400 25,ees 36,200 15,300 20,6es 12,250 47,000 14,628 Repairs-Factory equipeent Raw materials purchases Selling expenses Sales Cash 1,see 59,500 53,00 382,480 19,200 22,95e Accounts receivable, net 1. Complete the toble to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended 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. Requin a Required 1 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 Compeny for the year ended December 31. Garcon Company $12,100 15, e Pepper Company $18,55e 21,7 10,s00 14,40 25, 20,400 .0 25,3 22, 00 20,0 7,000 12,25e 47,000 34,620 1, Finished goods inventory, beginning Mork in process inventory, beginning Raw naterlals lnventory, beginning Rental cost on factory equlpeent Direct labor 11,250 intshed goods inventory, ending Mork in process ineeetory, ending Ran naterials inventory, ending Factory utilities General and adeanistrative expenses Indirect labor Repairs-factory equipeent Raw naterials purchases Selling expenses Sales Cash Accounts receivable, net 17,4s0 7.000 13,35e 34, 14,95e 5,420 43,500 271,60 2,4 29,20 22,e 13,200 1. Complete the table to find the cost of goods manufsctured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the toble to calculate the cost of goods sold for both Gercon Compeny end Pepper Company for the yeor ended December 31. Complete this question by entering your answers in the tabs below. Required 1 Reguired 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Carcon Company Peppar Company Direct materials Raw materials avalable fur use Direct materials used Factory overhead Total actory everhead Tolal manufactuting als Tolal cost of work in process Cost of gouds menulactud Requred 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 Compeny for the year ended December 31. Garcon Company $12,100 15, e Pepper Company $18,55e 21,7 10,s00 14,40 25, 20,400 .0 25,3 22, 00 20,0 7,000 12,25e 47,000 34,620 1, Finished goods inventory, beginning Mork in process inventory, beginning Raw naterlals lnventory, beginning Rental cost on factory equlpeent Direct labor 11,250 intshed goods inventory, ending Mork in process ineeetory, ending Ran naterials inventory, ending Factory utilities General and adeanistrative expenses Indirect labor Repairs-factory equipeent Raw naterials purchases Selling expenses Sales Cash Accounts receivable, net 17,4s0 7.000 13,35e 34, 14,95e 5,420 43,500 271,60 2,4 29,20 22,e 13,200 1. Complete the table to find the cost of goods manufsctured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the toble to calculate the cost of goods sold for both Gercon Compeny end Pepper Company for the yeor ended December 31. Complete this question by entering your answers in the tabs below. Required 1 Reguired 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Carcon Company Peppar Company Direct materials Raw materials avalable fur use Direct materials used Factory overhead Total actory everhead Tolal manufactuting als Tolal cost of work in process Cost of gouds menulactud Requred 2>
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