Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company $ 19,300 Beginning finished goods inventory $ 13,400 Beginning work in process inventory 17,800 23,700 11,300 10,950 Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor 32,000 24,100 23,600 37,400 20,000 17,000 Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities 25,000 19,000 7,600 9,800 13,950 17,500 Factory supplies used (indirect materials) General and administrative expenses 8,500 5,100 21,500 45,000 Indirect labor 2,000 9,580 7,580 2,200 Repairs-Factory equipment Raw materials purchases 36,000 58,000 Selling expenses Sales 58,000 58,900 223,530 310,010 Cash 25,000 18,700 Factory equipment, net 222,500 121,825 Accounts receivable, net 14,600 21,950 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ende December 31, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019. Complete this question by entering your answers in the tabs below.
Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company $ 19,300 Beginning finished goods inventory $ 13,400 Beginning work in process inventory 17,800 23,700 11,300 10,950 Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor 32,000 24,100 23,600 37,400 20,000 17,000 Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities 25,000 19,000 7,600 9,800 13,950 17,500 Factory supplies used (indirect materials) General and administrative expenses 8,500 5,100 21,500 45,000 Indirect labor 2,000 9,580 7,580 2,200 Repairs-Factory equipment Raw materials purchases 36,000 58,000 Selling expenses Sales 58,000 58,900 223,530 310,010 Cash 25,000 18,700 Factory equipment, net 222,500 121,825 Accounts receivable, net 14,600 21,950 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ende December 31, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019. Complete this question by entering your answers in the tabs below.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Required information
[The following information applies to the questions displayed below.]
The following data is provided for Garcon Company and Pepper Company.
Garcon
Pepper
Company
Company
Beginning finished goods inventory
$ 13,400
$ 19,300
Beginning work in process inventory
17,800
23,700
Beginning raw materials inventory (direct materials)
11,300
10,950
Rental cost on factory equipment
Direct labor
32,000
24,100
23,600
37,400
Ending finished goods inventory
20,000
17,000
Ending work in process inventory
25,000
19,000
7,600
9,800
Ending raw materials inventory
Factory utilities
13,950
17,500
Factory supplies used (indirect materials)
8,500
5,100
General and administrative expenses
21,500
45,000
Indirect labor
2,000
9,580
7,580
2,200
Repairs-Factory equipment
Raw materials purchases
Selling expenses
36,000
58,000
58,000
58,900
Sales
223,530
310,010
Cash
25,000
18,700
Factory equipment, net
222,500
121,825
Accounts receivable, net
14,600
21,950
Required:
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31, 2019.
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31, 2019.
Complete this question by entering your answers in the tabs below.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F83bc59e4-03e4-4097-9e9b-ce7af64e5b99%2Ffcccfe97-cbfe-4ee8-9660-3a7272627267%2Fhxq456_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.
Garcon
Pepper
Company
Company
Beginning finished goods inventory
$ 13,400
$ 19,300
Beginning work in process inventory
17,800
23,700
Beginning raw materials inventory (direct materials)
11,300
10,950
Rental cost on factory equipment
Direct labor
32,000
24,100
23,600
37,400
Ending finished goods inventory
20,000
17,000
Ending work in process inventory
25,000
19,000
7,600
9,800
Ending raw materials inventory
Factory utilities
13,950
17,500
Factory supplies used (indirect materials)
8,500
5,100
General and administrative expenses
21,500
45,000
Indirect labor
2,000
9,580
7,580
2,200
Repairs-Factory equipment
Raw materials purchases
Selling expenses
36,000
58,000
58,000
58,900
Sales
223,530
310,010
Cash
25,000
18,700
Factory equipment, net
222,500
121,825
Accounts receivable, net
14,600
21,950
Required:
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31, 2019.
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31, 2019.
Complete this question by entering your answers in the tabs below.
Transcribed Image Text:Psych Unit 8 Group...
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Required information
Required 1 Required 2
Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31, 2019.
Garcon
Pepper
Company
Company
Direct materials
Raw materials available for use
Direct materials used
Untitled document...
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Factory overhead
Total factory overhead
Total manufacturing costs
Total cost of work in process
Cost of goods manufactured
$
C Required 1
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0
0
0
$
0
0
0
0
Required 2 >
B Score $250 Sports...
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