Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished
Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Garcon Company $ 12,800 15,300 Pepper Company $ 18,100 23,400 11,700 10,200 Rental cost on factory equipment 33,000 23,050 Direct labor 21,200 39,400 Ending finished goods inventory 20,600 13,500 Ending work in process inventory 24,100 20,200 Ending raw materials inventory 6,300 9,000 Factory utilities 15,000 16,250 Factory supplies used (indirect materials) 8,800 3,200 General and administrative expenses 24,500 49,500 Indirect labor 1,500 8,200 Repairs-Factory equipment 7,100 3,650 Raw materials purchases 48,000 58,000 Selling expenses Sales Cash Factory equipment, net 58,800 55,600 240,030 327,510 29,000 22,700 217,500 145,825 Accounts receivable, net 13,800 20,200 Required: 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Direct materials Garcon Company Pepper Company Raw materials available for use 0 0 Direct materials used 0 0 Total prime costs $ 0 0 < Required 1 Required 2 >
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started