The following data is provided for Garcon Company and Pepper Company for the year ended December...
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The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Garcon Company $ 13,300 18,200 Pepper Company $ 18,850 23,400 9,800 13,500 27,000 24,550 Direct labor 22,600 37,000 Finished goods inventory, ending 20,750 16,900 Work in process inventory, ending 24,700 20,400 Raw materials inventory, ending 6,200 8,600 Factory utilities 10,800 15,000 General and administrative expenses 34,500 45,500 Indirect labor 14,300 14,820 Repairs-Factory equipment 5,660 3,250 Raw materials purchases 43,500 61,000 Selling expenses 64,000 53,500 Sales 282,030 393,120 Cash 21,000 18,700 Accounts receivable, net 15,400 23,700 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. 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. Total prime costs Garcon Company Pepper Company The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Garcon Company $ 13,300 18,200 Pepper Company $ 18,850 23,400 9,800 13,500 27,000 24,550 Direct labor 22,600 37,000 Finished goods inventory, ending 20,750 16,900 Work in process inventory, ending 24,700 20,400 Raw materials inventory, ending 6,200 8,600 Factory utilities 10,800 15,000 General and administrative expenses 34,500 45,500 Indirect labor 14,300 14,820 Repairs-Factory equipment 5,660 3,250 Raw materials purchases 43,500 61,000 Selling expenses 64,000 53,500 Sales 282,030 393,120 Cash 21,000 18,700 Accounts receivable, net 15,400 23,700 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. 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. Total prime costs Garcon Company Pepper Company
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GARCON COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31 Sales 195030 Cost of Goods Sold Finis... View the full answer
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