Required information Use the following Information for the Exercises below. (Algo) [The following information applies to the questions displayed below] The following dets is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, anding in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Direct materials Raw materials available for use Direct materials used Factory overhead Garcon Company $ 13,500 17,100 9,000 Total factory overhead Total manufacturing costs Total cost of work in process Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Cost of goods manufactured 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Geroon Company 28.000 29,900 20,600 20,000 Complete this question by entering your answers in the tabs below. 25.380 25,100 7.280 7,285 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. 9.750 9,756 0 22.500 22,580 14,900 14,908 7,820 0 0 Pepper Company $ 16,458 20,700 13,200 23.958 43.400 13,588 19,400 42,588 57,288 294,810 382,260 21,000 16,200 14,280 23,458 3,5ce 9,800 16.50 55,800 55, ace 14,848 14,640 3,658 3,558 65,500 58,300 Pepper Company 0 $ 0 0 0 0
Required information Use the following Information for the Exercises below. (Algo) [The following information applies to the questions displayed below] The following dets is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, anding in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Direct materials Raw materials available for use Direct materials used Factory overhead Garcon Company $ 13,500 17,100 9,000 Total factory overhead Total manufacturing costs Total cost of work in process Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Cost of goods manufactured 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Geroon Company 28.000 29,900 20,600 20,000 Complete this question by entering your answers in the tabs below. 25.380 25,100 7.280 7,285 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. 9.750 9,756 0 22.500 22,580 14,900 14,908 7,820 0 0 Pepper Company $ 16,458 20,700 13,200 23.958 43.400 13,588 19,400 42,588 57,288 294,810 382,260 21,000 16,200 14,280 23,458 3,5ce 9,800 16.50 55,800 55, ace 14,848 14,640 3,658 3,558 65,500 58,300 Pepper Company 0 $ 0 0 0 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Required Information
Use the following Information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
The following dets is provided for Garcon Company and Pepper Company for the year ended December 31.
Finished goods inventory, beginning
work in process inventory, beginning
Raw materials inventory, beginning
Rental cost on factory equipment
Direct labor
Finished goods inventory, anding
Work in process inventory, ending
Raw materials inventory, ending
Factory
and administrative expenses
Indirect labor
Repairs-Factory equipment
Raw materials purchases
Selling expenses
Sales
Cash
Accounts receivable, not
Direct materials
Required 2
Raw materials available for use
Direct materials used
Factory overhead
Garcon
Company
$ 13,500
17,100
9,000
Total factory overhead
Total manufacturing costs
Total cost of work in process
28,000
24 600
20,600
17. 158
Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31.
Cost of goods manufactured
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31.
Garoon
Company
Complete this question by entering your answers in the tabs below.
7,280
4.758
9,750
294,810
21,000
14,200
14 000
14,900
7 828
7,828
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.
42,580
57,200
0
0
0
Pepper
Company
$ 16,450
20,700
13,200
23,958
43,400
13,500
19 400
19,400
9800
9,800
16 769
16,758
55,0
14 848
14,040
3 658
3,658
65,500
58,300
382,260
16,200
23,450
Pepper
Company
0
0
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe1db85d6-7733-4676-a288-59dac9ea1fa7%2F15a5a767-b242-4135-b24d-2c235e7dbd3c%2Frc1x0es_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required Information
Use the following Information for the Exercises below. (Algo)
[The following information applies to the questions displayed below.]
The following dets is provided for Garcon Company and Pepper Company for the year ended December 31.
Finished goods inventory, beginning
work in process inventory, beginning
Raw materials inventory, beginning
Rental cost on factory equipment
Direct labor
Finished goods inventory, anding
Work in process inventory, ending
Raw materials inventory, ending
Factory
and administrative expenses
Indirect labor
Repairs-Factory equipment
Raw materials purchases
Selling expenses
Sales
Cash
Accounts receivable, not
Direct materials
Required 2
Raw materials available for use
Direct materials used
Factory overhead
Garcon
Company
$ 13,500
17,100
9,000
Total factory overhead
Total manufacturing costs
Total cost of work in process
28,000
24 600
20,600
17. 158
Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31.
Cost of goods manufactured
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31.
Garoon
Company
Complete this question by entering your answers in the tabs below.
7,280
4.758
9,750
294,810
21,000
14,200
14 000
14,900
7 828
7,828
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.
42,580
57,200
0
0
0
Pepper
Company
$ 16,450
20,700
13,200
23,958
43,400
13,500
19 400
19,400
9800
9,800
16 769
16,758
55,0
14 848
14,040
3 658
3,658
65,500
58,300
382,260
16,200
23,450
Pepper
Company
0
0
0
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education