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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,
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.
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[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 | $ | 14,400 | $ | 19,150 | |||||
Beginning work in process inventory | 14,500 | 23,400 | |||||||
Beginning raw materials inventory | 8,900 | 11,850 | |||||||
Rental cost on factory equipment | 31,750 | 22,000 | |||||||
Direct labor | 19,800 | 40,600 | |||||||
Ending finished goods inventory | 19,250 | 15,700 | |||||||
Ending work in process inventory | 26,500 | 19,800 | |||||||
Ending raw materials inventory | 7,200 | 10,000 | |||||||
Factory utilities | 13,200 | 15,500 | |||||||
Factory supplies used | 8,500 | 5,800 | |||||||
General and administrative expenses | 29,000 | 58,000 | |||||||
Indirect labor | 1,750 | 8,440 | |||||||
RepairsFactory equipment | 6,620 | 3,050 | |||||||
Raw materials purchases | 37,500 | 69,500 | |||||||
Selling expenses | 53,200 | 49,600 | |||||||
Sales | 234,030 | 337,510 | |||||||
Cash | 23,000 | 22,700 | |||||||
Factory equipment, net | 237,500 | 145,825 | |||||||
Accounts receivable, net | 15,800 | 23,450 | |||||||
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 Answer is not complete. 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, 2017 pper Company Company Direct materials Beginning raw materials inventory Add: Raw materials purchases Raw materials available for use Less: Ending raw materials inventory Direct materials used Direct labor Factory overhead Rental cost on factory equipment Factory utilities Factory supplies used Indirect labor Repairs-Factory equipment Total factory overhead Total manufacturing costs Add: Beginning work in process invento Total cost of work in process Less: Ending work in process inventory Cost of goods manufactured 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. 3 Answer is not complete. 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. Pepper Garcon Company Company Cost of goods available for sale Cost of goods sold Required 1 Required 2
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