QS 14-12 Direct materials used LO P2 Use the following information to compute the cost of direct materials used for the current year. (Assume no indirect materials. January 1 December 31 $ $ 8,900 12,400 9,900 9,100 11,200 7,300 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $134,000 102,800 43,200 Cost of Direct Material is Computed as: 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. $ 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 Pactory supplies used General and administrative expenses Indirect labor Repairs-Pactory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company 12,300 16,900 7,800 29,250 23.600 20,750 24,700 5,500 13,950 11,800 33,500 1,600 5,660 46,500 50.800 228,030 33,000 262,500 Pepper Company $ 18,700 19,500 13,350 24,100 39,800 14,600 18,800 8,600 14,750 5,200 44,500 8,860 3,200 65,500 49,000 307,510 20,200 136,825 22,950 15,800 - 01 02 QS 14-12 Direct materials used LO P2 Use the following information to compute the cost of direct materials used for the current year. (Assume no indirect materials. January 1 December 31 $ $ 8,900 12,400 9,900 9,100 11,200 7,300 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $134,000 102,800 43,200 Cost of Direct Material is Computed as: 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. $ 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 Pactory supplies used General and administrative expenses Indirect labor Repairs-Pactory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company 12,300 16,900 7,800 29,250 23.600 20,750 24,700 5,500 13,950 11,800 33,500 1,600 5,660 46,500 50.800 228,030 33,000 262,500 Pepper Company $ 18,700 19,500 13,350 24,100 39,800 14,600 18,800 8,600 14,750 5,200 44,500 8,860 3,200 65,500 49,000 307,510 20,200 136,825 22,950 15,800 - 01 02
