The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 13,200 16, 200 7,500 28,750 20,800 17,750 28,000 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 7,300 14,850 30,500 10,400 7,580 46,500 54,000 272,640 26,000 16, 200 Pepper Company $ 18,250 23,700 11,100 25,150 43,800 16,300 19,600 7,800 14,000 46,000 13,260 4,000 60,000 57,400 384,930 18, 200 20, 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.
The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 13,200 16, 200 7,500 28,750 20,800 17,750 28,000 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 7,300 14,850 30,500 10,400 7,580 46,500 54,000 272,640 26,000 16, 200 Pepper Company $ 18,250 23,700 11,100 25,150 43,800 16,300 19,600 7,800 14,000 46,000 13,260 4,000 60,000 57,400 384,930 18, 200 20, 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
Garcon
Company
$ 13,200
16, 200
7,500
28,750
20,800
17,750
28,000
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
7,300
14,850
30,500
10,400
7,580
46,500
54,000
272,640
26,000
16, 200
Pepper
Company
$ 18,250
23,700
11,100
25,150
43,800
16,300
19,600
7,800
14,000
46,000
13,260
4,000
60,000
57,400
384,930
18, 200
20, 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.
Transcribed Image Text:Complete this question by entering your answers in the tabs below.
Required 1 Required 2
Compute the total prime costs for both Garcon Company and Pepper Company.
Garcon
Company
Pepper
Company
Total prime costs
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< Required 1
Required 1 Required 2
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.
S
Complete this question by entering your answers in the tabs below.
Total conversion costs
Required 2 >
Compute the total conversion costs for both Garcon Company and Pepper Company.
Garcon
Company
Pepper
Company
< Required 1
Required 2 >
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