Question
need help answering this question Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The
need help answering this question
Required information Use the following information for the Exercises below.
[The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company.
Garcon Company Pepper Company Beginning finished goods inventory $ 13,700 $ 18,700 Beginning work in process inventory 17,300 22,800 Beginning raw materials inventory 9,100 11,700 Rental cost on factory equipment 31,750 22,450 Direct labor 19,600 39,400 Ending finished goods inventory 20,450 15,600 Ending work in process inventory 22,600 16,400 Ending raw materials inventory 5,800 7,200 Factory utilities 13,200 12,750 Factory supplies used 11,800 6,000 General and administrative expenses 21,500 49,500 Indirect labor 2,200 7,720 RepairsFactory equipment 6,380 3,900 Raw materials purchases 35,500 67,500 Selling expenses 51,600 52,000 Sales 249,030 342,510 Cash 27,000 22,200 Factory equipment, net 232,500 127,825 Accounts receivable, net 16,200 20,700
Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2
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, 2017. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.
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, 2017.
Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold $0 $0
Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017.
Garcon Company Pepper Company Direct materials Raw materials available for use 0 0 Direct materials used 0 0 Factory overhead Total factory overhead 0 0 Total manufacturing costs Total cost of work in process 0 0 Cost of goods manufactured $0 $0
Chapter 14 Homewark 6 0 Ybu skipped this question in the 5 Reqaired infeenation Pert t of3 ctory overhaae
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