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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 Pepper Company
Beginning finished goods inventory $ 13,200 $ 18,550
Beginning work in process inventory 14,800 22,200
Beginning raw materials inventory (direct materials) 11,100 9,750
Rental cost on factory equipment 27,000 26,050
Direct labor 21,400 37,400
Ending finished goods inventory 19,400 15,800
Ending work in process inventory 22,600 19,200
Ending raw materials inventory 6,300 7,600
Factory utilities 9,600 17,750
Factory supplies used (indirect materials) 10,900 5,900
General and administrative expenses 23,000 59,500
Indirect labor 2,100 9,220
RepairsFactory equipment 7,220 3,250
Raw materials purchases 44,500 53,000
Selling expenses 61,200 57,700
Sales 240,030 342,510
Cash 25,000 18,700
Factory equipment, net 287,500 154,825
Accounts receivable, net 15,800 24,700

Exercise 14-10 Cost classification LO C2

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.

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