Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Comparty and Pepper Company Garcon Company Pepper

image text in transcribedimage text in transcribed

Required information [The following information applies to the questions displayed below.] The following data is provided for Garcon Comparty and Pepper Company Garcon Company Pepper Company $ 16,66 20, 250 9,150 Beginning finished goods Inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Ranital cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending on raw materials inventory Factory utilities Factory supplies used (Indirect esterials) General and adiuinistrative expenses Indirect labor Rapalrs.factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net $14,298 14,0 8,100 23,500 21, 19,25 25,000 5, 9,150 10,900 25,500 1,500 6,270 38, 60,00 244,538 32, 257,500 15,600 37,400 14,90 21,20 4. AN 9,466 17,500 4,2 . 54,500 9,288 2,550 66, 57.100 382,512 16,730 175,825 22,20 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019. 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to find the cost of good manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019. Garoon Company Papper Company $ Direct materials Beginning raw materials inventory Adat Raw materials purchase Raw materials available for use LASS: Ending raw materials inventory Direct materials used Direct labor Factory overhead Rental cost on factory equipment Factory les Factory supplies used Indirect labor Repairs-Factory guipment 8.100 S 38.000 46.100 5.800 40.300 21,000 9,100 69,000 78,150 9,400 68,750 37,400 29.500 9.150 10.900 1,500 6.260 26,450 17,500 4,200 9,280 2,560 57,310 58,90 Total factory overhead Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process Less: Ending work in process inventory Cost of goods manufactured 0 O $ 0 $ O Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Comparty for the year ended December 31, 2019. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019. Garson Company Pepper Company Cost of goods available for sale Cost of goods sold 0 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring Strategic Change

Authors: Julia Balogun, Veronica Hope Hailey, Stafanie Gustafsson

4th Edition

0273778919, 9780273778912

More Books

Students also viewed these Accounting questions

Question

Identify ways that country culture influences global business.

Answered: 1 week ago

Question

Define human resource ethics.

Answered: 1 week ago

Question

Describe the human resource management profession.

Answered: 1 week ago