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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 year
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. Garcon Company $ 14, 100 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 17,300 11,600 27,250 24,600 18,950 27, 100 6,100 13, 200 32,500 11,000 6,140 47,000 57,600 277,410 31,000 15, 200 Pepper Company $ 16,450 20, 100 10, 200 23,350 44,200 13,300 17,000 9,400 17,250 47,500 13,380 2,600 52,500 46,300 375,850 21, 200 24,200 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.
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