Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

cost of good manufactured and cost of goods sold computation Required information Use the following information for the Exercises below. [The following information applies to

cost of good manufactured and cost of goods sold computation
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required information Use the following information for the Exercises below. [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 material purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable net Garcon Company $ 12,200 14,800 7,500 31,250 21,000 18,950 26,500 7,880 9,800 8,500 33,500 1,400 5,900 39,000 56,400 201,030 27,000 277,500 15,200 Pepper Company $ 16,000 22,350 11,180 25,600 41,800 14,800 19,000 9,400 16,250 4,100 56,000 8,260 2,780 55,000 58,300 335,018 23,200 169,825 23,200 of 7 Next > aded Practice Saved Help Save Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended 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. Garcon Company Pepper Company Direct materials 0 0 Raw materials available for use 2 Next > 3 of 7

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

Management Audit Maximizing Your Companys Efficiency And Effectiveness

Authors: John Nolan

1st Edition

0801975581, 978-0801975585

More Books

Students also viewed these Accounting questions

Question

10-9 How have social technologies changed e-commerce?

Answered: 1 week ago