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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 $ 13,600 15,500 8,600 29,750 21, 200 19,850 27,400 5,600 9,750 25,500 16,050 5,420 40,500 55,600 276,630 24,000 14, 200 Pepper Company $ 17,350 22,650 14,850 22,300 43,000 15,400 19, 200 9,200 17,750 47,500 14,520 2,250 59,000 46,600 373,700 15,700 21,950 mpute the total prime costs for both Garcon Company and Pepper Company. ampute the total conversion costs for both Garcon Company and Pepper Company

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 $ 13,600 15,500 8,600 29,750 21, 200 19,850 27,400 5,600 9,750 25,500 16,050 5,420 40,500 55,600 276,630 24,000 14, 200 Pepper Company $ 17,350 22,650 14,850 22,300 43,000 15,400 19, 200 9,200 17,750 47,500 14,520 2,250 59,000 46,600 373,700 15,700 21,950 mpute the total prime costs for both Garcon Company and Pepper Company. ampute the total conversion costs for both Garcon Company and Pepper Company

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 $ 13,600 15,500 8,600 Required 1 Required 2 29,750 21,200 19,850 27,400 5,600 9,750 25,500 16,050 5,420 40,500 55,600 276,630 24,000 14, 200 Total conversion costs Pepper Company $ 17,350 22,650 14,850 22,300 43,000 15,400 19, 200 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. 9,200 17,750 47,500 14,520 2,250 59,000 46,600 373,700 15,700 21,950 Complete this question by entering your answers in the tabs below. Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Company 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 $ 13,600 15,500 8,600 Required 1 Required 2 29,750 21,200 19,850 27,400 5,600 9,750 25,500 16,050 5,420 40,500 55,600 276,630 24,000 14, 200 Total conversion costs Pepper Company $ 17,350 22,650 14,850 22,300 43,000 15,400 19, 200 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. 9,200 17,750 47,500 14,520 2,250 59,000 46,600 373,700 15,700 21,950 Complete this question by entering your answers in the tabs below. Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company
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 Required 1 Required 2 $ 13,600 15,500 8,600 29,750 Total prime costs 21,200 19,850 27,400 5,600 9,750 25,500 16,050 5,420 40,500 55,600 276,630 24,000 14, 200 Pepper Company $ 17,350 22,650 14,850 22,300 43,000 15,400 19, 200 9,200 17,750 47,500 14,520 2,250 59,000 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. 46,600 373,700 15,700 21,950 Complete this question by entering your answers in the tabs below. Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company 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 Required 1 Required 2 $ 13,600 15,500 8,600 29,750 Total prime costs 21,200 19,850 27,400 5,600 9,750 25,500 16,050 5,420 40,500 55,600 276,630 24,000 14, 200 Pepper Company $ 17,350 22,650 14,850 22,300 43,000 15,400 19, 200 9,200 17,750 47,500 14,520 2,250 59,000 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. 46,600 373,700 15,700 21,950 Complete this question by entering your answers in the tabs below. Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company
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