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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-Factory equipment Raw materials purchases Selling expenses 8,080 Garcon Company $ 14,000 16,000 10,400 29,750 19,600 18,950 22,000 12,600 12,400 25,500 1,900 6,020 35,000 50,000 241,530 28,000 242,500 15,600 Pepper Company $ 18,850 21,600 13,200 25,750 43,000 13,388 21,400 9,800 13,250 48.000 7,780 3,450 62,500 58,900 317,510 22,200 148,825 24,200 3,000 3,800 Sales Cash Factory equipment, net Accounts receivable, net 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 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 $ 10,400 Direct materials Beginning raw materials inventory Add: Raw materials purchases Raw materials available for use Less: Ending raw materials inventory Direct materials used 0 35,000 45,400 (8,000) 37 400 19,600 0 Direct labor Factory overhead Indirect labor Factory supplies used Factory utilities Rental cost on factory equipment Repairs Factory equipment 1,900 12,400 12,600 29,750 6,020 0 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 62,670 12,400 16,000 28,400 (22,000) 6,400 $ 0 $ 0 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 Pepper Company Cost of goods available for sale Cost of goods sold $ 0 $ 0
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