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Required information [The following information applies to the questions displayed below] The following data is provided for Garcon Company and Pepper Company for the year
Required information [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 Raw materials inventory, beginning Rental cost on factory equipment Garcon Company $ 13,100 Pepper Company $ 19,000 14,600 23,700 10,400 11,250 33,250 26,650 Direct labor 23,400 37,000 Finished goods inventory, ending 21,500 15,400 Work in process inventory, ending 27,400 17,000 Raw materials inventory, ending 7.300 9,200 Factory utilities 13,500 17,000 General and administrative expenses 28,000 49,500 Indirect labor 11,600 13,860 Repairs-Factory equipment 6,380 1,600 Raw materials purchases 47,000 69,500 Selling expenses 63,600 47,500 Sales 290,640 388,140 Cash Accounts receivable, net 27,000 15,600 16,200 20,200 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 Required information Garcon Company Pepper Company Direct materials Raw materials inventory, beginning $ 10,400 $ 11,250 Add: Raw materials purchases Raw materials available for use 10,400 11,250 Less: Raw materials inventory, ending 7,300 9,200 Direct materials used 3,100 2,050 Direct labor 23,400 37,000 Factory overhead Indirect labor Factory utilities 13,500 17,000 6,380 1,600 Total factory overhead 19,880 18,600 Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process 0 0 Less: Work in process inventory, ending Cost of goods manufactured $ 0 $ 0 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 < Required 1 Required 2 >
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