! Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Beginning finished goods inventory Company Company $ 14,200 $ 19,450 Beginning work in process inventory 18.800 21,900 Beginning raw materials inventory 8,000 10,200 Rental cost on factory equipment 30,750 23,050 Direct labor 23,800 36,600 Ending finished goods inventory 18,800 13,600 Ending work in process inventory 27,400 21,000 Ending raw mater Is inventory 5.500 8.200 Factory utilities 14,400 13,250 Factory supplies used 13,000 3,800 General and administrative expenses 27,500 52,000 Indirect labor 1,800 8,920 Repairs-Factory equipment 6,140 3,150 Raw materials purchases 40,000 62,000 Selling expenses 59,600 57,700 Sales 229,530 292,510 Canh 21,000 22,700 Factory equipment, net 272,500 148,825 Accounts receivable, not 13,800 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, 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. 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, 2017 Garcon Company Pepper Company Direct materials Raw materials available for use 0 0 Direct materials used 0 0 Factory overhead Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 $ 1,426,000 42,000 57,500 60,800 176,200 249,000 18,800 51,000 5,250 56,000 108,000 133,000 43, 100 41,700 65,300 Exercise 18-13 Preparation of schedule of cost of goods manufactured LO P2 Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. DELRAY MFG Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials Raw materials available for use Direct materials used Factory overhead: Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods sold Cost of goods available for sale 0 Cost of goods sold 0 Operating expenses 0 Total operating expenses Operating income $ 0
