Homework Help is Here – Start Your Trial Now!
Business
Accounting
What are the answers to Total Manufacturing cost for both Garcon Co. and Pepper Co.?

What are the answers to Total Manufacturing cost for both Garcon Co. and Pepper Co.?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

What are the answers to Total Manufacturing cost for both Garcon Co. and Pepper Co.?

 

Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017. Garcon Реpper Company Company Direct materials Beginning raw materials inventory $ 10,300 $ 11,550 Add: Raw materials purchases 45,000 56,000 Raw materials available for use 55,300 67,550 Less: Ending raw materials inventory 6,700 7,400 Direct materials used 48,600 60,150 Direct labor 24,600 42,600 Factory overhead Rental cost on factory equipment 34,000 23,050 Factory utilities 14,850 16,750 Factory supplies used 13,300 4,500 Indirect labor 2,000 8,320 Repairs-Factory equipment 5,780 2,900 Total factory overhead 69,930 55,520 Total manufacturing costs Add: Beginning work in process inventory 14,600 23,100 Total cost of work in process 14,600 23,100 Less: Beginning work in process inventory 24,100 19,800 Cost of goods manufactured (9,500) $ 3,300
Transcribed Image Text:Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017. Garcon Реpper Company Company Direct materials Beginning raw materials inventory $ 10,300 $ 11,550 Add: Raw materials purchases 45,000 56,000 Raw materials available for use 55,300 67,550 Less: Ending raw materials inventory 6,700 7,400 Direct materials used 48,600 60,150 Direct labor 24,600 42,600 Factory overhead Rental cost on factory equipment 34,000 23,050 Factory utilities 14,850 16,750 Factory supplies used 13,300 4,500 Indirect labor 2,000 8,320 Repairs-Factory equipment 5,780 2,900 Total factory overhead 69,930 55,520 Total manufacturing costs Add: Beginning work in process inventory 14,600 23,100 Total cost of work in process 14,600 23,100 Less: Beginning work in process inventory 24,100 19,800 Cost of goods manufactured (9,500) $ 3,300
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Реpper Company $ 16,300 23,100 11,550 23,050 42,600 16,400 19,800 Company $ 14,500 14,600 10,300 34,000 24,600 20,450 24,100 6,700 14,850 13,300 30,000 2,000 5,780 45,000 54,400 234,030 21,000 227,500 13,200 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses 7,400 16,750 4,500 50,000 8,320 2,900 Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses 56,000 59,500 345,010 22,200 154,825 23,950 Sales Cash Factory equipment, net Accounts receivable, net
Transcribed Image Text:Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Реpper Company $ 16,300 23,100 11,550 23,050 42,600 16,400 19,800 Company $ 14,500 14,600 10,300 34,000 24,600 20,450 24,100 6,700 14,850 13,300 30,000 2,000 5,780 45,000 54,400 234,030 21,000 227,500 13,200 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses 7,400 16,750 4,500 50,000 8,320 2,900 Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses 56,000 59,500 345,010 22,200 154,825 23,950 Sales Cash Factory equipment, net Accounts receivable, net
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS