The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 13,200 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 16,300 8,000 30,000 23, 200 19,400 24,700 6,800 14,250 26,500 14,450 5,180 46,000 62,800 284, 280 27,000 13,800 Pepper Company $ 16,750 20,250 13,050 23,800 39,000 13,000 16, 200 7,400 17,250 54,500 13,940 1,800 58,000 55,900 384,990 17,700 19,950 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 $ 13,200 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 16,300 8,000 30,000 23, 200 19,400 24,700 6,800 14,250 26,500 14,450 5,180 46,000 62,800 284, 280 27,000 13,800 Pepper Company $ 16,750 20,250 13,050 23,800 39,000 13,000 16, 200 7,400 17,250 54,500 13,940 1,800 58,000 55,900 384,990 17,700 19,950 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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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