Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ine following data is provided for Garcon Company and repper Company for the year ended December 31 Garcon Company Pepper Company 2 of 2
ine following data is provided for Garcon Company and repper Company for the year ended December 31 Garcon Company Pepper Company 2 of 2 Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor $ 14,700 $ 19,000 15,400 19,650 8,900 13,350 33,500 23,050 24,800 37,000 Finished goods inventory, ending 20,600 16,100 Work in process inventory, ending 23,200 21,800 S Raw materials inventory, ending 6,300 8,400 Factory utilities 9,450 13,250 kipped General and administrative expenses. 21,000 57,500 Indirect labor 11,950 13,340 Repairs-Factory equipment 5,420 3,400 Raw materials purchases 39,000 67,000 Selling expenses 58,800 59,200 Sales 284,070 385,120 eBook Cash 29,000 23,700 Accounts receivable, net 17,000 21,950 Hint Print 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company. References Complete this question by entering your answers in the tabs below. Mc Graw MR Required 1 Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Total prime costs Required 1 Required 2 > A B < Prev 85 of 7 2 ine following data is provided for Garcon Company and repper Company for the year ended Decemb Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Garcon Company $ 14,700 15,400 Pepper Company $ 19,000 19,650 13,350 8,900 33,500 23,050 24,800 37,000 20,600 16,100 Work in process inventory, ending 23,200 21,800 Raw materials inventory, ending 6,300 8,400 Factory utilities 9,450 13,250 ed General and administrative expenses) 21,000 57,500 Indirect labor 11,950 13,340 Repairs-Factory equipment 5,420 3,400 Raw materials purchases: 39,000 67,000 Selling expenses 58,800 59,200 Sales 284,070 385,120 ok Cash 29,000 23,700 Accounts receivable, net 17,000 21,950 nt 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company. P rint rences Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Total conversion costs < Required 1 Required > Proy Bu
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started