Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how do i calculate? The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company Company Beginning finished goods inventory $ 12,900

how do i calculate?

image text in transcribed
The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company Company Beginning finished goods inventory $ 12,900 $ 16 ,450 Beginning work in process inventory 18,500 22, 050 Beginning raw materials inventory (direct materials) 11, 800 11, 850 Rental cost on factory equipment 34,750 26, 050 Direct labor 19,200 38, 600 Ending finished goods inventory 17, 450 13, 700 Ending work in process inventory 24, 100 17, 800 Ending raw materials inventory 5,900 7, 600 Factory utilities 11, 850 12,000 Factory supplies used (indirect materials) 11 , 500 3, 800 General and administrative expenses 21, 500 $5,000 Indirect labor 1, 450 9 , 040 Repairs-Factory equipment 4, 820 2,400 Raw materials purchases 35, 000 63, 500 Selling expenses 53, 600 46, 000 Sales 229,530 Cash 32,000 822,510 21, 700 Factory equipment, net 262,500 145, 825 Accounts receivable, net 14,000 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 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 Raw materials available for use 0 Direct materials used Factory overhead Total factory overhead 0 Total manufacturing costs Total cost of work in process 0 Cost of goods manufactured $ o $ 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

Business And Professional Ethics

Authors: Leonard J Brooks, Paul Dunn

8th Edition

1337514462, 9781337514460

More Books

Students also viewed these Accounting questions

Question

Describe four common misunderstandings of Gestalt psychology.

Answered: 1 week ago

Question

The personal characteristics of the sender

Answered: 1 week ago

Question

The quality of the argumentation

Answered: 1 week ago