The following data is provided for Garcon Company and Pepper Company for the year ended Decembe Garcon Company $ 14, 200 18, 200 10, 600 28,000 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 epairs-Factory equipment. Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 24, 200 21, 200 27,700 5,500 10, 800 27,000 13, 200 5,186 39,000 57, 200 287,670 24,000 13,400 Pepper Company $ 18,400 20,400 11,850 22,900 37,000 14, 100 22,000 9,000 14,750 51,000 11,780 1.700 53,000 47,800 377,260 18, 200 20,700

The following data is provided for Garcon Company and Pepper Company for the year ended Decembe Garcon Company $ 14, 200 18, 200 10, 600 28,000 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 epairs-Factory equipment. Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 24, 200 21, 200 27,700 5,500 10, 800 27,000 13, 200 5,186 39,000 57, 200 287,670 24,000 13,400 Pepper Company $ 18,400 20,400 11,850 22,900 37,000 14, 100 22,000 9,000 14,750 51,000 11,780 1.700 53,000 47,800 377,260 18, 200 20,700

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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