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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 Direct labor Garcon Company $ 12,000 17,400 Pepper Company $ 16,750 21,900 9,900 9,750 34,000 23,650 19,800 43,000 Finished goods inventory, ending 17,600 14,100 Work in process inventory, ending 27,400 20,400 Raw materials inventory, ending 7,900 10,000 Factory utilities 12,150 13,250 General and administrative expenses 24,000 60,000 Indirect labor 10,750 11,320 Repairs-Factory equipment 6,260 2,000 Raw materials purchases 36,000 60,000 Selling expenses 53,600 57,700 Sales 277,380 373,970 Cash Accounts receivable, net 28,000 16,200 23,700 21,700 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 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. Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Garcon Company Pepper Company 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 Pepper Company Company
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