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The following data is provided for Garcon Company and Pepper Company for the ye Garcon Company $ 12,000 14,500 7,250 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases 5611 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000

The following data is provided for Garcon Company and Pepper Company for the ye Garcon Company $ 12,000 14,500 7,250 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases 5611 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000

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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3: 4: Prepare the current asset section of the balance sheet GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets Prepare the current asset section of the balance sheet for Pe PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Sales Cost of goods manufactured $ Total current assets $ < 0 0 Req 2 Garcon
Transcribed Image Text:3: 4: Prepare the current asset section of the balance sheet GARCON COMPANY Balance Sheet-Current Assets Section December 31 Total current assets Prepare the current asset section of the balance sheet for Pe PEPPER COMPANY Balance Sheet-Current Assets Section December 31 Sales Cost of goods manufactured $ Total current assets $ < 0 0 Req 2 Garcon
Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year en Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work 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 Garcon Company $ 12,000 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 50,000 195,030 20,000 13, 200 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 46,000 290,010 15,700 19,450
Transcribed Image Text:Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year en Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work 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 Garcon Company $ 12,000 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 50,000 195,030 20,000 13, 200 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 46,000 290,010 15,700 19,450
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