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All the answers are provided just show your work and explain how to get the answers above.This is a multi-part question and all parts must
All the answers are provided just show your work and explain how to get the answers above.This is a multi-part question and all parts must be answered.
Direct materials Raw materials inventory, beginning Add: Raw materials purchases Raw materials available for use Less: Raw materials inventory, ending Direct materials used Direct labor Factory overhead Rental cost on factory equipment Factory utilities Indirect labor Repairs-Factory equipment Total factory overhead Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured F Garcon Company 10,500 $ 42,500 53,000 7,400 45,600 22,800 27,250 10,800 15,050 4,940 58,040 126,440 16,200 142,640 25,000 $ 117,640 $ F Pepper Company 11,400 60,500 71,900 10,000 61,900 39,000 24,400 16,250 13,220 1,550 55,420 156,320 23,400 179,720 22,000 157,720 ! Required information Use the following information for the Exercises below. (Algo) [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. Garcon Company Pepper Company $ 16,750 $ 14,000 16, 200 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor 23,400 11,400 10,500 27,250 24,400 22,800 39,000 19,850 15,000 25,000 22,000 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities 7,400 10,000 10,800 16,250 22,500 57,000 General and administrative expenses Indirect labor 15,050 13,220 Repairs-Factory equipment 4,940 1,550 Raw materials purchases 42,500 60,500 Selling expenses 53,200 49,900 Sales 297,630 391,010 Cash 33,000 20,700 Accounts receivable, net 15,800 23,200 Exercise 18-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 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. Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Direct materials Raw materials inventory, beginning $ Add: Raw materials purchases Raw materials available for use Less: Raw materials inventory, ending Direct materials used Direct labor Factory overhead Rental cost on factory equipment Factory utilities Indirect labor Repairs-Factory equipment F 10,500 $ 42,500 53,000 F 7,400 45,600 22,800 27,250 10,800 15,050 4,940 11,400 60,500 71,900 10,000 61,900 39,000 24,400 16,250 13,220 1,550 Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Finished goods inventory, beginning $ 14,000 Add: Cost of goods manufactured 117,640 Goods available for sale 131,640 Less: Finished goods inventory, ending 19,850 Cost of goods sold 111,790 16,750 157,720 174,470 15,000 $ 159,470Step by Step Solution
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