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.

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	13,900			$	17,050
Beginning work in process inventory			16,400				21,450
Beginning raw materials inventory (direct materials)			10,300				14,700
Rental cost on factory equipment			34,250				22,300
Direct labor			21,600				37,400
Ending finished goods inventory			19,550				14,500
Ending work in process inventory			22,900				19,400
Ending raw materials inventory			6,600				9,800
Factory utilities			10,050				13,000
Factory supplies used (indirect materials)			12,100				4,500
General and administrative expenses			29,500				54,500
Indirect labor			2,300				7,720
RepairsFactory equipment			5,540				2,700
Raw materials purchases			45,000				60,500
Selling expenses			63,600				46,900
Sales			228,030				327,510
Cash			27,000				19,700
Factory equipment, net			242,500				151,825
Accounts receivable, net			16,600				24,450

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, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019.