Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to find the cost of goods manufactured

image text in transcribed image text in transcribed

Complete this question by entering your answers in the tabs below.

  • 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, 2019.

Garcon Company Pepper Company
Direct materials
Raw materials available for use 0 0
Direct materials used 0 0
Factory overhead
Total factory overhead 0 0
Total manufacturing costs
Total cost of work in process 0 0
Cost of goods manufactured $0 $0

Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019.

Garcon Company Pepper Company
Cost of goods available for sale
Cost of goods sold $0 $0

Required information [The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) 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 (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,600 17,300 10,100 33,750 21,200 19,100 22,900 6,300 13,950 8,800 26,500 1,700 6,260 45,500 51,200 205,530 32,000 277,500 15,600 Pepper Company $ 18,100 19,950 11,100 25,300 37,800 15,900 19,000 9,800 15,500 4,500 59,500 8,800 2,050 59,500 48,700 292,510 18,200 178,825 22,450 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year en December 31, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019. Complete this question by entering your answers in the tabs below. 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, 2019

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

Students also viewed these Accounting questions