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 Garcon Company $ 13,000 17,900 11,100 33,750 20,200 19,100 26,500 5,600 10,500 13,900 21,000 1,500 7,460 46,000 61,600 198,030 27,000 242,500 14,200 Pepper Company $ 16,150 21,600 13,200 22,150 40,200 16,800 21,200 9,400 13,750 6,000 44,000 9,760 2,000 56,500 51,700 332,510 22,200 148,825 24,450 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 $ 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 Factory utilities Factory supplies used Indirect labor RepairsFactory equipment 11,100 46,000 57.100 (5,600) 51,500 20,200 13,200 56,500 69,700 (9,400) 60,300 40,200 33,750 10,500 13,900 1,500 7,460 22,150 13,750 6,000 9,760 2,000 67,110 138,810 53,660 154,160 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 138,810 (26,500) 112,310 154,160 (21,200) 132,960 $ Required 1 Required 2 > 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. Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale ess: Ending finished goods inventory Cost of goods sold Garcon Company $ 13,000 138,810 151,810 (19,100) $ 132,710 Pepper Company 16,150 133,610 149,760 (16,800) $ 132,960
