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Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017. PLEASE
Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017.
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Part B
The following data is provided for Garcon Company and Pepper Company. 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 Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 14,900 18,300 8,000 28,250 19,600 17,150 22,600 6,100 11,700 11,200 23,000 1,400 4,940 36,000 63,600 208,530 24,000 272,500 16,600 Pepper Company $ 16,900 22,350 12,600 22,150 43,400 15,500 16,000 7,600 12,500 4,700 49,500 9,280 2,950 68,500 46,900 315,010 24,200 127,825 21,700 Garcon Company Pepper Company $ $ Direct materials Beginning raw materials inventory Add: Raw materials purchases Raw materials available for use Less: Ending raw materials inventory Direct materials used Direct labor Factory overhead RepairsFactory equipment Rental cost on factory equipment Factory utilities Factory supplies used Indirect labor 8,000 36,000 44,000 6,100 37,900 19,600/ 12,600 68,500 81,100 7,600 73,500 43,400 4,940 28,250 11,700 11,200 1,400 2,950 22,150 12,500 4,700 9,280 Total factory overhead 57,490 51,580 57,490 51,580 Total factory overhead Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process Less: Ending work in process inventory Cost of goods manufactured 2 18,300 18,300 22,600 (4,300) 22,350 2,350 16,000 6,350 $ $ Complete this question by entering your answers in the tabs below. 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, 2017. Garcon Company $ 14,900 (4,300) X Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold Pepper Company 16,900 6,350 X 23,250 15,500 $ 7,750 17,150 $ (17,150)
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