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 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. 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 Pepper Company $ 17,500 16,600 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 35,750 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. 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.
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