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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 $ 12,400 14,700 11,400 30,750 20,000 21,500 25,000 5,400 9,750 9,700 34,500 1,250 7,340 45,500 55,600 235,530 21,000 272,500 16,600 Pepper Company $ 17,650 22,800 11,250 24,100 45,000 15,000 17,800 7,800 12,000 3,600 58,000 7,960 1,900 55,000 58,600 337,510 21,700 133,825 22,700 1. Compute the total prime costs for both Garcon Company and Pepper Company.

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 $ 12,400 14,700 11,400 30,750 20,000 21,500 25,000 5,400 9,750 9,700 34,500 1,250 7,340 45,500 55,600 235,530 21,000 272,500 16,600 Pepper Company $ 17,650 22,800 11,250 24,100 45,000 15,000 17,800 7,800 12,000 3,600 58,000 7,960 1,900 55,000 58,600 337,510 21,700 133,825 22,700 1. Compute the total prime 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
Problem 1Q
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2. Compute the total conversion costs for both Garcon Company and Pepper Company. Required 1 Required 2 Compute the total conversion costs for both Garcon Company and Pepper Company. Direct labor Factory overhead Total factory overhead Total conversion costs Garcon Company Pepper Company
Transcribed Image Text:2. Compute the total conversion costs for both Garcon Company and Pepper Company. Required 1 Required 2 Compute the total conversion costs for both Garcon Company and Pepper Company. Direct labor Factory overhead Total factory overhead Total conversion costs Garcon Company Pepper Company
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 Required 1 Direct materials Required 2 Raw materials available for use Compute the total prime costs for both Garcon Company and Pepper Company. Pepper Company Direct materials used Total prime costs Garcon Company $ 12,400 14,700 11,400 30,750 20,000 21,500 25,000 5,400 9,750 9,700 34,500 1,250 7,340 45,500 55,600 1. Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company 235,530 21,000 272,500 16,600 Pepper Company $ 17,650 22,800 11,250 24,100 45,000 15,000 17,800 7,800 12,000 3,600 58,000 7,960 1,900 55,000 58,600 337,510 21,700 133,825 22,700
Transcribed Image Text: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 Required 1 Direct materials Required 2 Raw materials available for use Compute the total prime costs for both Garcon Company and Pepper Company. Pepper Company Direct materials used Total prime costs Garcon Company $ 12,400 14,700 11,400 30,750 20,000 21,500 25,000 5,400 9,750 9,700 34,500 1,250 7,340 45,500 55,600 1. Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company 235,530 21,000 272,500 16,600 Pepper Company $ 17,650 22,800 11,250 24,100 45,000 15,000 17,800 7,800 12,000 3,600 58,000 7,960 1,900 55,000 58,600 337,510 21,700 133,825 22,700
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