Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help! urgent!!!! O You skipped this question in the pre REYuntu IIIIIIIIIII [The following information applies to the questions displayed below.] The following data
please help! urgent!!!!
O You skipped this question in the pre REYuntu IIIIIIIIIII [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,600 17,700 9,800 30,500 19,600 17,750 27,400 7,000 13,500 13,300 29,000 2,150 6,980 44,000 51,200 243,030 30,000 282,500 15,600 Pepper Company $ 16,600 23,850 14,100 25,150 35,800 14,000 21,800 9,400 12,250 5,300 44,500 8,680 3,100 60,500 50,800 340,010 19, 200 127,825 21,950 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Compar Complete the table to find the cost of goods manufactured for both Garcon Co December 31, 2019. Garcon Company Pepper Company Direct materials Raw materials available for use 0 Direct materials used 0 Factory overhead es Total factory overhead Total manufacturing costs Total cost of work in process 0 Cost of goods manufactured $ 0 Saved 0 You skipped this question in the previous attempt. Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year er 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 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 $ 0 0 $ Cost of goods sold You skipped this question in the previous attempt Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $523 each. Costs 1. Plastic for casing-516,000 2. Wages of assembly workers-5116,000 3. Property taxes on factory-57,000 4. Accounting staff salaries--$42,000 S. Drun stands (1.000 stands purchased)-$14,000 6. Rent cost of equipment for sales staff-$48,000 7. Upper managenent salaries-$170,000 8. Annual Flat fee for factory maintenance service-517,000 9. Sales commissions-$23 per unit 10. Machinery depreciation, straight line-41,000 Required: 1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example) Cost by Behavior Variable Fixed Cost by Function Product Period $ 16.000 $ 16.000 Costs 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4. Accounting staff salaries 5 Drum stands 8. Rent cost of equipment for sales statt 7. Upper management salaries 8. Annual flat fee for factory maintenance service 9. Sales commissions 10. Machinery depreciation, straight-line 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