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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
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. Garcon Company Pepper Company Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities $ 13,600 $ 16,750 15,900 21,300 10,400 10,950 32,250 26,950 20,200 38,600 18,20 14,000 23,500 21,200 6,600 7,400 12,600 16,750 General and administrative expenses Indirect labor 23,000 56,000 12,750 13,960 Repairs-Factory equipment 6,620 3,300 Raw materials purchases 35,000 52,500 Selling expenses 50,800 58,000 Sales Cash Accounts receivable, net 275,100 391,290 28,000 16,700 14,200 19,700 manufactured for both Garcon Company and Donnor C 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. 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 ende December 31. Garcon Pepper Company Company Direct materials. Raw materials inventory, beginning $ 10,400 $ 10,950 Add: Raw materials purchases. 35,000 52,500 Raw materials available for use 45,400 63,450 Less: Raw materials inventory, ending 6,600 7,400 Direct materials used 38,800 56,050 Direct labor 20,200 38,600 Required Less: Raw materials inventory, ending 6,600 7,400 Direct materials used 38,800 56,050 Direct labor 20,200 38,600 Factory overhead Rental cost on factory equipment 32,250 26,950 Factory utilities 12,600 16,750 30 Indirect labor 12,750 13,960 Repairs-Factory equipment Total factory overhead Total manufacturing costs 6,620 3,300 64,220 60,960 Add: Work in process inventory, beginning 15,900 21,300 Total cost of work in process 15,900 21,300 Less: Work in process inventory, ending 23,500 21,200 ces Cost of goods manufactured. $ (7,600) $ 100 Required 2 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. Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Garcon Company Pepper Company $ 13,600 16,750 18,200 14,000 $ (18,200) $ (14,000) < Required 1 Required 2 >
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