5 Required information [The following information applies to the questions displayed below.] The following data is...
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5 Required information [The following information applies to the questions displayed below.] 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 Direct labor Garcon Company $13,000 Pepper Company $ 17,950 15,000 20,850 11,000 10,800 29,750 26,350 22,400 44,600 Finished goods inventory, ending 21,200 15,400 Work in process inventory, ending 26,800 21,200 Raw materials inventory, ending 7,600 8,600 Factory utilities 9,600 13,000 General and administrative expenses. 32,000 45,000 Indirect labor 11,350 14,940 Repairs-Factory equipment 4,940 3,750 Raw materials purchases 38,000 69,000 Selling expenses 50,800 52,300 278,100 390,830 24,000 20,700 16,400 21,700 Sales Cash Accounts receivable, net 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Complete this question by entering your answers in the tabs below. 5 Required information [The following information applies to the questions displayed below.] 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 Direct labor Garcon Company $13,000 Pepper Company $ 17,950 15,000 20,850 11,000 10,800 29,750 26,350 22,400 44,600 Finished goods inventory, ending 21,200 15,400 Work in process inventory, ending 26,800 21,200 Raw materials inventory, ending 7,600 8,600 Factory utilities 9,600 13,000 General and administrative expenses. 32,000 45,000 Indirect labor 11,350 14,940 Repairs-Factory equipment 4,940 3,750 Raw materials purchases 38,000 69,000 Selling expenses 50,800 52,300 278,100 390,830 24,000 20,700 16,400 21,700 Sales Cash Accounts receivable, net 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Complete this question by entering your answers in the tabs below.
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