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Do I have this correct so far? Could you help with the rest? Garcon Pepper Company Company $ 18,100 24,000 12,150 22,600 Beginning finished goods
Do I have this correct so far? Could you help with the rest?
Garcon Pepper Company Company $ 18,100 24,000 12,150 22,600 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 12,200 18,700 10,000 32,000 20,600 17,600 39,400 15,900 27,700 17,000 7,400 12,150 9,700 7,400 13, 500 3,300 32,000 50,000 1,400 7,100 40,500 58,000 226,530 33,000 252,500 16,000 7,720 2,100 70,000 52,900 305,010 21,700 142,825 21,700 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, 2017 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 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 12,150 70,000 82,150 7,400 74,750 39,400 $ 10,000 40,500 50,500 7,400 43,100 20,600 irect labor Factory overhead Factory utilities Rental cost on factory equipment Factory supplies used Indirect labor 12,150 32,000 9,700 1,400 7,100 126,050 188,400 13,500 22,600 3,300 7,720 2,100 163,370 212,590 Repairs--Factory equipment Total factory overhead Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process ess: Ending work in process inventoryStep by Step Solution
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