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Required information The following information applies to the questions displayed below.] The foll oll wing data is provided for Garcon Company and Pepper Company
Required information The following information applies to the questions displayed below.] The foll oll wing 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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending. Factory utilities Garcon Company $ 13,700 16,600 Pepper Company $ 17,500 21,450 8,300 11,250 32,000 24,550 20,200 39,800 19,850 13,300 22,900 16,600 6,200 8,200 11,550 15,750 General and administrative expenses 28,000 57,500 Indirect labor 12,750 13,220 Repairs-Factory equipment 6,500 2,850 Raw materials purchases 40,500 61,000 Selling expenses 60,400 51,100 Sales 287,490 372,400 Cash 30,000 21,200 Accounts receivable, net 15,000 21,950 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ene 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.
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