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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. Garcon Company Pepper

Required information

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

Garcon Company Pepper Company
Beginning finished goods inventory $ 12,700 $ 16,600
Beginning work in process inventory 18,000 23,550
Beginning raw materials inventory 11,500 13,350
Rental cost on factory equipment 27,250 26,950
Direct labor 20,600 43,000
Ending finished goods inventory 20,000 13,500
Ending work in process inventory 25,300 17,200
Ending raw materials inventory 6,200 8,000
Factory utilities 11,550 13,000
Factory supplies used 13,300 4,200
General and administrative expenses 30,500 58,000
Indirect labor 2,400 9,880
RepairsFactory equipment 6,740 3,750
Raw materials purchases 37,500 60,500
Selling expenses 60,800 58,000
Sales 234,030 332,510
Cash 31,000 18,700
Factory equipment, net 262,500 151,825
Accounts receivable, net 16,000 24,450

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, 2017. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.

Complete this question by entering your answers in the tabs below.

Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017.

Garcon Company Pepper Company
Direct materials
Raw materials available for use
Direct materials used
Factory overhead
Total factory overhead
Total manufacturing costs
Total cost of work in process
Cost of goods manufactured

Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.

Garcon Company Pepper Company
Cost of goods available for sale
Cost of goods sold

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