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Required information Skip to question [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company
Required information
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[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.
Garcon Company | Pepper Company | |
---|---|---|
Finished goods inventory, beginning | $ 13,500 | $ 18,100 |
Work in process inventory, beginning | 17,200 | 21,150 |
Raw materials inventory, beginning | 9,600 | 10,650 |
Rental cost on factory equipment | 31,500 | 24,400 |
Direct labor | 20,400 | 41,800 |
Finished goods inventory, ending | 20,450 | 15,300 |
Work in process inventory, ending | 22,000 | 18,600 |
Raw materials inventory, ending | 6,600 | 7,600 |
Factory utilities | 14,100 | 14,000 |
General and administrative expenses | 22,000 | 55,500 |
Indirect labor | 14,450 | 13,700 |
RepairsFactory equipment | 6,860 | 3,050 |
Raw materials purchases | 46,000 | 61,500 |
Selling expenses | 61,200 | 51,100 |
Sales | 287,970 | 387,790 |
Cash | 27,000 | 22,200 |
Accounts receivable, net | 14,800 | 19,700 |
- Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31.
- Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31.
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