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.
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf7dffb6-3cc1-457b-8693-f9b4a9cdc547%2F47dbf053-67ed-4fb4-b3b7-d75e9c65885a%2Fg7f7kel_processed.jpeg&w=3840&q=75)
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf7dffb6-3cc1-457b-8693-f9b4a9cdc547%2F47dbf053-67ed-4fb4-b3b7-d75e9c65885a%2F3cz21k8_processed.jpeg&w=3840&q=75)
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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