Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Garcon Company Pepper Company Direct materials Beginning finished goods inventory Add: Beginning work in process inventory Raw materials available for use Add: Beginning work in

image text in transcribedimage text in transcribedimage text in transcribed

Garcon Company Pepper Company Direct materials Beginning finished goods inventory Add: Beginning work in process inventory Raw materials available for use Add: Beginning work in process inventory Direct materials used Beginning finished goods inventory Factory overhead Beginning finished goods inventory Beginning finished goods inventory Repairs-Factory equipment Beginning work in process inventory Beginning raw materials inventory Indirect labor Total factory overhead Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process Add: Beginning work in process inventory Cost of goods manufactured 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 12,000 18,800 8,100 34,000 19,800 21,650 26,500 5,400 14,400 10,900 30,500 1,600 7,100 44,500 53,200 222,030 29,000 237,500 16,400 Pepper Company $ 18,100 22,200 12,150 24, 250 43,000 15,300 17,800 8,000 17,250 5,400 57,000 7,600 3,500 60,500 54,400 322,510 21,700 175, 825 21,450 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Comp ended December 31, 2019. Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year en December 31, 2019. Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold 0 $ 0

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_2

Step: 3

blur-text-image_3

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

Cloud Security Auditing

Authors: Suryadipta Majumdar, Taous Madi, Yushun Wang, Azadeh Tabiban, Momen Oqaily, Amir Alimohammadifar, Yosr Jarraya, Makan Pourzandi, Lingyu Wang, Mourad Debbabi

1st Edition

3030231305, 978-3030231309

More Books

Students also viewed these Accounting questions

Question

suggest a range of work sample exercises and design them

Answered: 1 week ago