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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. Beginning finished goods
Required information (The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Pactory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,900 16,600 7,700 29,250 24,800 18,500 28,000 5,300 11,250 9,700 30,000 2.450 7,820 42,500 61,600 204,030 26,000 277,500 16,800 Pepper Company $ 17,050 22,200 9,600 26,500 36,200 16,200 17,200 7,200 12,500 5,900 45,500 9,160 3,250 52,500 55,600 320,010 18,700 172,825 23, 200 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 Required information Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019. Garcon Company Pepper Company $ $ 7,700 42,500 50,200 5,300 44,900 24,800 9,600 52,500 62,100 7,200 54,900 36,200 29,250 26,500 Direct materials Beginning raw materials inventory Add: Raw materials purchases Raw materials available for use Less: Ending raw materials inventory Direct materials used Direct labor Factory overhead Rental cost on factory equipment Direct labor Factory utilities Factory supplies used Indirect labor Repairs-Factory equipment 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 11,250 9,700 2.450 7,820 60,470 12,500 5,900 9,160 3,250 57,310 16,600 16,600 28,000 (11,400) 22,200 22,200 17,200 5,000 $ $ Required Required 2 > 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 calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019. Garcon Company S 13,900 Pepper Company 17,050 Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold 18,500 16.200 $ (18.500) S (16,200)
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