Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information i Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data is

Required information i Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Rav materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 12,600 Pepper Company $ 18,100 19,650 13,650 15,500 11,900 34,750 26,200 20,400 43,400 Finished goods inventory, ending 21,800 13,500 Work in process inventory, ending 27,700 18,200 Raw materials inventory, ending 7,400 10,000 Factory utilities: 11,250 13,000 General and administrative expenses 24,000 58,000 Indirect labor 11,650 14,220 Repairs-Factory equipment 7,220 1,850 Rav materials purchases 40,500 67,000 Selling expenses 64,000 58,900. Sales 298,680 392,340 Cash 23,000 18,200 Accounts receivable, net 16,400 22,200 Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the ye December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year e December 31. 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, Garcon Company Pepper Company Direct materials Finished goods inventory, beginning $ 13,400 Raw materials available for use 13,400 0 Direct materials used 13,400 0 Factory overhead Total factory overhead. Total manufacturing costs Total cost of work in process Cost of goods manufactured 0 0 $ 0 $ 0 Required 1 Required 2 > ces Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year end December 31. 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. Goods available for sale Cost of goods sold Garcon Company Pepper Company $ 0 $ 0 < Required 1 Required 2 >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Was there an effort to involve the appropriate people?

Answered: 1 week ago