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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
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 Company Beginning finished goods inventory Beginning work in process inventory $ 13,500 18,700 Pepper Company $ 19,000 23,100 Beginning raw materials inventory (direct materials) 8,500 11,250 Rental cost on factory equipment 29,000 22,900 Direct labor 21,200 35,000 Ending finished goods inventory 18,050 16,300 Ending work in process inventory 25,300 18,000 Ending raw materials inventory 6,000 8,000 Factory utilities 13,800 14,750 Factory supplies used (indirect materials). 13,600 4,400 General and administrative expenses 34,500 59,000 Indirect labor 1,400 8,020 Repairs-Factory equipment 6,260 3,100 Raw materials purchases 45,000 60,500 Selling expenses 61,200 54,100 Sales Cash Factory equipment, net Accounts receivable, net 228,030 337,510 26,000 252,500 14,400 17,200 118,825 21,950 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 $ 8,500 Add: Ending work in process inventory 6,000 Raw materials available for use 14,500 0 Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured 14,500 0 0 0 0 $ 0 $ per yed 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. Cost of goods available for sale Cost of goods sold Garcon Company Pepper Company $ 0 $ 0
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