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 $ 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
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The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
Garcon
Company
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
$ 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
Transcribed Image Text:The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company 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 $ 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
Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31.
Direct materials
Raw materials available for use
Direct materials used
Factory overhead
Total factory overhead
Total manufacturing costs
Total cost of work in process
Cost of goods manufactured
Garcon
Company
Pepper
Company
Transcribed Image Text:Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Garcon Company Pepper Company
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