Exercise 14-8 cost of goods manufactured and cost of goods sold computation LO P1, P2

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ework Saved Saved Help Save & Exit SL ! 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 materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12,300 18,100 10, 700 33,250 22,600 19,400 27,400 5,400 9,450 10,300 26,000 2,050 5,660 44,500 55,600 198,030 33,000 267,500 14,800 Pepper Company $ 18,850 19,500 9,600 24,700 40,200 13,100 18,200 9,200 16,000 3,600 45,500 8,140 2,700 59,500 58,600 290,010 19,200 142,825 24,200 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 Pepper Company Company Direct materials Beginning raw materials inventory 10.700 $ 9,600 Add: Raw materials purchases 44,500 59,500 Raw materials available for use 55 200 69,100 $ 55,200 69,100 Direct materials used Raw materials purchases Factory overhead 2 0 0 Total factory overhead Total manufacturing costs Total cost of work in process 0 0 Cost of goods manufactured $ 0 s 0 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 calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019. Pepper Company Company Garcon Cost of goods available for sale Cost of goods sold $ OS