Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I couldn't write so I posted a pic Required information [The following information applies to the questions displayed below) The following data is provided for

I couldn't write so I posted a pic

image text in transcribed
Required information [The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company Company Beginning finished goods inventory $ 12,090 $ 16,450 Beginning work in process inventory 14,500 19,950 Beginning raw materials inventory (direct materials) 7, 250 9,000 Rental cost on factory equipment 27,000 22, 750 Direct labor 19, 080 35, 000 Ending finished goods inventory 17, 650 13, 309 Ending work in process inventory 22, 000 16, 000 Ending raw materials inventory 5,300 7,200 Factory utilities 9, 000 12, 080 Factory supplies used (indirect nce materials) 8, 200 3, 200 General and administrative expenses 21, 090 43, 000 Indirect labor 1, 250 7,660 Repairs-Factory equipment 4, 780 1,500 Raw materials purchases 33, 000 52, 000 Selling expenses 50, 000 46, 080 Sales 195, 030 290, 010 Cash 20, 090 15, 700 Factory equipment, net 212, 500 115, 825 Accounts receivable, net 13, 200 19,450 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 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 Pepper Company Company Cost of goods available for sale Cost of goods sold O S

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

538453257, 978-0538453257

Students also viewed these Accounting questions