The following data is provided for Garcon Company and Pepper Company for the year end 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 $ 12,800 15,400 8,000 31,500 20, 200 21,350 23,200 8,000 9,450 21,000 11,900 7,460 36,500 55,200 296, 280 23,000 13,600 Pepper Company $ 19,750 21,600 9,900 24,550 35,400 14,500 16,600 9,800 16,000 49,000 12,520 3,350 68,000 48,100 395,860 15,700 19,700

The following data is provided for Garcon Company and Pepper Company for the year end 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 $ 12,800 15,400 8,000 31,500 20, 200 21,350 23,200 8,000 9,450 21,000 11,900 7,460 36,500 55,200 296, 280 23,000 13,600 Pepper Company $ 19,750 21,600 9,900 24,550 35,400 14,500 16,600 9,800 16,000 49,000 12,520 3,350 68,000 48,100 395,860 15,700 19,700

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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