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The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 15,000 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 Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 18, 700 500 11, 32,500 21,000 17,300 25, 600 6,000 11,550 34,000 11,500 5, 420 42, 500 60, 800 289, 290 20, 000 16, 200 Pepper Company $ 17,950 20, 550 10, 650 26, 800 40, 600 14, 100 17,400 7,600 14,000 45, 500 14, 080 2,100 62,500 59,800 380, 200 21, 700 21,450 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31.

The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 15,000 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 Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 18, 700 500 11, 32,500 21,000 17,300 25, 600 6,000 11,550 34,000 11,500 5, 420 42, 500 60, 800 289, 290 20, 000 16, 200 Pepper Company $ 17,950 20, 550 10, 650 26, 800 40, 600 14, 100 17,400 7,600 14,000 45, 500 14, 080 2,100 62,500 59,800 380, 200 21, 700 21,450 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31.

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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The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 15,000 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 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 18, 700 11, 500 32, 500 21, 000 Total factory overhead Total manufacturing costs 17,300 25, 600 Total cost of work in process 6,000 11,550 34,000 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 11, 500 5, 420 500 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company 42, 60, 800 289, 290 20, 000 16, 200 Complete this question by entering your answers in the tabs below. Pepper Company $ 17,950 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. 20, 550 10, 650 26, 800 40, 600 14, 100 17,400 7,600 14,000 45, 500 14, 080 2,100 62,500 59,800 380, 200 21, 700 21, 450 Pepper Company
Transcribed Image Text:The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 15,000 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 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 18, 700 11, 500 32, 500 21, 000 Total factory overhead Total manufacturing costs 17,300 25, 600 Total cost of work in process 6,000 11,550 34,000 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 11, 500 5, 420 500 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company 42, 60, 800 289, 290 20, 000 16, 200 Complete this question by entering your answers in the tabs below. Pepper Company $ 17,950 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. 20, 550 10, 650 26, 800 40, 600 14, 100 17,400 7,600 14,000 45, 500 14, 080 2,100 62,500 59,800 380, 200 21, 700 21, 450 Pepper Company
Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Goods available for sale Cost of goods sold Garcon Company Pepper Company
Transcribed Image Text:Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Goods available for sale Cost of goods sold Garcon Company Pepper Company
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