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The following data 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, 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 $ 14,500 16,600 10,300 30,500 23,000 17,750 27,400 6,300 10,500. 29,000 11,000 5,060 48,000 63,200 294,900 26,000 16,800 Pepper Company $ 18,400 21,000 9,750 24,700 38,200 14,600 20,000 8,800 16,500 49,000 12,560 3,150 64,500 56,200 388,880 17,700 20,700

The following data 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, 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 $ 14,500 16,600 10,300 30,500 23,000 17,750 27,400 6,300 10,500. 29,000 11,000 5,060 48,000 63,200 294,900 26,000 16,800 Pepper Company $ 18,400 21,000 9,750 24,700 38,200 14,600 20,000 8,800 16,500 49,000 12,560 3,150 64,500 56,200 388,880 17,700 20,700

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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Required 1 Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Total prime costs Required 1 Required 2 < Required 1 Total conversion costs Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Required 2 > < Required 1 Required 2 >
Transcribed Image Text:Required 1 Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Total prime costs Required 1 Required 2 < Required 1 Total conversion costs Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Required 2 > < Required 1 Required 2 >
The following data 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, 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 $ 14,500 16,600 10,300 30,500 23,000 17,750 27,400 6,300 10,500. 29,000 11,000 5,060 48,000 63,200 294,900 26,000 16,800 Pepper Company $ 18,400 21,000 9,750 24,700 38,200 14,600 20,000 8,800 16,500 49,000 12,560 3,150 64,500 56,200 388,880 17,700 20,700 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company.
Transcribed Image Text:The following data 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, 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 $ 14,500 16,600 10,300 30,500 23,000 17,750 27,400 6,300 10,500. 29,000 11,000 5,060 48,000 63,200 294,900 26,000 16,800 Pepper Company $ 18,400 21,000 9,750 24,700 38,200 14,600 20,000 8,800 16,500 49,000 12,560 3,150 64,500 56,200 388,880 17,700 20,700 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company.
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