Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pepper Company 5 17.500 23,700 14.700 3.25 24,900 Required information [The following information applies to the questions displayed below. The following data is provided for
Pepper Company 5 17.500 23,700 14.700 3.25 24,900 Required information [The following information applies to the questions displayed below. The following data is provided for Garcon Company and Pepper Company Caroon Company Beginning finished goods inventory $ 12.200 Beginning work in process inventory Beginning w materials inventory (direct materiala 11.400 16,200 Rental cost on factory equipment Inding finished goods inventory Inding work in process inventory 27.100 Ta steriale Inventory 2.70 Factory Bodite . Factory upplies used indirect materiala General and administrative expenses 23,000 1.650 Repairs-Factory equipment Raw materiale purchases 41.00 41.00 Selling en Sales 51,200 190,00 27,000 Factory equipment, not 282,500 Accounts receivable, net 16,400 20,200 20.00 10.200 16,700 18.600 9,200 12.00 GA 47,00 19.000 5.co 10.000 2.300 70.00 Canh 302.510 10,200 127. 20.950 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 Beginning raw materials inventory 11.400 5 14.700 Add. Ramais purchases 5660 2.300 Raw materials available for use 17 00 17.000 Less Ending raw materials inventory 5.700 9.200 Direct materials used 11,360 7.800 Direct labor 20.200 40.200 Factory overhead Rental cost on factory equipment 33.250 24,100 Factory 9.750 12.000 Factory supplies used 13.000 6.000 Indirect labor 1,650 10,000 Repairs Factory equipment 41,000 70.000 98.650 122.100 Total factory overhead Total manufacturing costs 0 Total cost of work in process Less: Ending work in process inventory Cost of goods manufactured $ $ Required 2 > Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Popper 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 Company Pepper Company Cost of goods available for sale Cost of goods sold (Required 1
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