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How do I calculate? The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning
How do I calculate?
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 $ 12,900 18,500 11,800 34,750 19,200 17,450 24,100 5,900 11,850 11,500 21,500 1,450 4,820 35,000 53,600 229,530 32,000 262,500 14,000 Pepper Company $ 16,450 22,050 11,850 26,050 38,600 13,700 17,800 7,600 12,000 3,800 55,000 9,040 2,400 63,500 46,000 322,510 21,700 145,825 21,200 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. Garcon Company Pepper Company Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold 17,450 (17,450) 13,700 (13,700) $ $Step by Step Solution
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