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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. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $13,000 Pepper Company $ 17,650 14,600 19,500 11,900 13,050 29,750 26,350 22,800 45,000 Finished goods inventory, ending 20,900 15,500 Work in process inventory, ending 26,800 20,000 Raw materials inventory, ending 7,300 8,800 Factory utilities 11,700 18,000 General and administrative expenses 23,500 55,000 Indirect labor 11,950 11,300 Repairs-Factory equipment 7,820 3,950 Raw materials purchases 41,000 59,000. Selling expenses 63,200 52,300 Sales 281,640 399,860 Cashi 23,000 16,200 Accounts receivable, net 16,600 23,450 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ende 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.
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