Please do not give solution in image format thanku The following data is provided for Garcon Company and Pepper Company for the year ended December 31.GarconCompanyFinished goods inventory, beginningWork in process inventory, beginningRaw materials inventory, beginningRental cost on factory equipmentDirect laborFinished goods inventory, endingWork in process inventory, endingRaw materials inventory, endingFactory utilitiesGeneral and administrative expensesIndirect laborRepairs-Factory equipmentRaw materials purchasesSelling expensesSalesCashAccounts receivable, net$ 12,80015,4008,00031,50020, 20021,35023, 2008,0009,45021,00011,9007,46036,50055,200296,28023,00013,600PepperCompany$ 19,75021,6009,90024,55035,40014,50016,6009,80016,00049,00012,5203,35068,00048, 100395,86015,70019,700 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year endedDecember 31.Direct materialsRaw materials available for useDirect materials usedFactory overheadTotal factory overheadTotal manufacturing costsTotal cost of work in processCost of goods manufacturedGarconCompanyPepperCompany

The cost of goods manufactured is that cost which includes all the costs incurred in producing the…

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

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

Section: Chapter Questions

Problem 1Q

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