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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data is provided
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending Work in process inventory, ending Garcon Company $ 14,700 17,100 Pepper Company $ 19,900 23,400 9,200 13,650 34,500 23,350 21,600 41,000 18,200 14,900 23,200 21,000 Raw materials inventory, ending 7,900 8,600 Factory utilities 14,100 15,500 General and administrative expenses 24,000 56,000 Indirect labor 11,850 15,120 Repairs-Factory equipment 4,940 2,000 Raw materials purchases 37,500 69,000 Selling expenses 63,200 51,400 Sales 285,150 394,350 Cash 24,000 19,700 Accounts receivable, net 15,000 21,450 Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Required information. 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. Direct materials Garcon Company Pepper Company Raw materials available for use 0 Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured 0 0 0 0 0 $ 0 $ 0 Required Required 2 > 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. Goods available for sale Cost of goods sold Garcon Pepper Company Company $ 0 $ 0
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