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 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 Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $14,200 18,300 7,300 33,500 24,000 21,650 26,200 7,500 13,350 9,400 31,500 1,750 6,980 36,000 63,600 235,530 21,800 232,500 15,400 Pepper Company $ 19,000 22,200 9.600 26,950 35,800 13,600 20,000 8,400 14,500 4,000 50,000 8,920 3,500 55,000 48,700 312,510 24,200 172,825 20,200 Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 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. ok 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. t Garcon Company Pepper Company nces 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 $ 0$ 0 gud Required 2 > nes receivable, net 232,500 15,400 172,825 20,200 Exercise 14-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2 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 Pepper Company Cost of goods available for sale Cost of goods sold $ Exercise 14.9 Preparing financial statements for a manufacturer LO C4, P2 Print Required: 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company ferences Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Req 2 Garcon Req 2 Pepper Prepare th income statement for Pepper Company PEPPER COMPANY Income Statement For Year Ended December 31, 2019 0 Operating expenses Income (loss) before tax Exercise 14.9 Preparing financial statements for a manufacturer LO C4, P2 Required: 1. Prepare income statements for both Garcon Company and Pepper Company 2. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Pepper Company, PEPPER COMPANY Partial Balance Sheer As of December 31, 2019 Inventories Total current assets S Exercise 14-10 Cost classification LO C2 ces Required: 1. Compute the total prime costs for both Garcon Company and Pepper Company 2. Compute the total conversion costs for both Garcon Company and Pepper Company Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total conversion costs for both Garcon company and Pepper Company Garcon Company Pepper Company Direct labor Factory overhead 0 0 Total factory overhead Total conversion costs 0 0
