The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12,200 19,000 7,800 32,750 24,600 21,350 25,900 6,400 12,300 9,100 25,500 1,350 4,940 43,000 62,800 202,530 25,000 242,500 16,400 Required: 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. Pepper Company $ 16,600 23,400 12,000 24,400 42,200 15,000 17,200 9,600 16,000 3,700 60,000 7,720 2,000 52,500 53,500 327,510 22, 200 124,825 20,450

The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12,200 19,000 7,800 32,750 24,600 21,350 25,900 6,400 12,300 9,100 25,500 1,350 4,940 43,000 62,800 202,530 25,000 242,500 16,400 Required: 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. Pepper Company $ 16,600 23,400 12,000 24,400 42,200 15,000 17,200 9,600 16,000 3,700 60,000 7,720 2,000 52,500 53,500 327,510 22, 200 124,825 20,450

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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COGS?
Domestic
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