Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ces [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Company Beginning

image text in transcribedimage text in transcribedimage text in transcribed

ces [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Garcon Company Beginning finished goods inventory 12,000 Pepper Company $ 16,450 Beginning work in process inventory 14,500 19,950 Beginning raw materials inventory (direct materials) 7,250 9,000 Rental cost on factory equipment 27,000 22,750 Direct labor 19,000 35,000 Ending finished goods inventory 17,650 13,300 Ending work in process inventory 22,000 16,000 Ending raw materials inventory 5,300 7,200 Factory utilities General and administrative expenses Factory supplies used (indirect materials) 9,000 12,000 8,200 3,200 21,000 43,000 Indirect labor Repairs-Factory equipment 1,250 7,660 Raw materials purchases 4,780 1,500 Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 33,000 52,000 50,000 46,000 195,030 290,010 20,000 15,700 212,500 115,825 13,200 19,450 Required: 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. Direct materials nces Raw materials available for use Direct materials used Total prime costs Garcon Company Pepper Company 0 0 0 0 $ Required 2 > Requ 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 Required 1 Compute ersion costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Direct labor Factory overhead Total factory overhead Total conversion costs 0 0 < Required 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

15th edition

1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940

More Books

Students also viewed these Accounting questions

Question

25 (base 10) if written in base 26 would be what

Answered: 1 week ago

Question

Discuss recent trends in bribery law.

Answered: 1 week ago

Question

Explain why whistle-blowing is important to encourage in a firm.

Answered: 1 week ago