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 Garcon Company $ 13,900 Pepper Company $ 16,750 17,500 22,800 11,800 12,600 30,000 25,900 20,200 42,600 Finished goods inventory, ending 17,600 15,000 Work in process inventory, ending 25,600 19,800 Raw materials inventory, ending 6,200 8,000 Factory utilities 11,700 12,750 General and administrative expenses 33,500 50,500. Indirect labor 16,250 14,840 Repairs-Factory equipment 7,220 3,600 Raw materials purchases 35,500 52,000 Selling expenses 63,600 56,500 Sales 273,060 379,610 Cash Accounts receivable, net 35,000 14,800 19,700 19,950 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.
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