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Please organize the chart as seen and explain all calculations, other wise I will mark as incorrect. Thank You! Using the following data, Beginning finished
Please organize the chart as seen and explain all calculations, other wise I will mark as incorrect. Thank You!
Using the following data, Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Garcon Company $ 13,300 14,600 11,800 29,750 20,600 19,400 25,600 5,700 14,400 11,800 27,000 1,750 6,740 38,500 55,200 202,530 32,000 222,500 14,200 Pepper Company $ 19,450 20,850 12,900 25,000 41,400 14,100 19,400 9,400 16,500 5,800 51,000 7,960 2,800 58,000 57,400 320,010 20,700 130,825 20,950 Sales Cash Factory equipment, net Accounts receivable, net 1-a. Prepare income statements for both Garcon Company and Pepper Company GARCON COMPANY Income Statement For Year Ended December 31, 2015 Operating expenses Income (loss) before tax $ PEPPER COMPANY Income Statement For Year Ended December 31, 2015 Operating expenses Income (loss) before tax 1-b. Prepare the current assets section of the balance sheet for each company GARCON COMPANY Partial Balance Sheet As of December 31, 2015 Inventories Total current assets PEPPER COMPANY Partial Balance Sheet As of December 31, 2015 Inventories Total current assetsStep by Step Solution
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