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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
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 Garcon Company $ 12,200 Pepper Company $ 18,250 17,100 22,800 10,600 12,600 34,250 25,150 22,400 42,200 Finished goods inventory, ending 21,350 15,900 Work in process inventory, ending 25,900 20,400 Raw materials inventory, ending Factory utilities 7,200 8,600 13,350 17,750 General and administrative expenses Indirect labor 26,500 56,500 13,900 13,460 Repairs-Factory equipment 7,820 2,200 Raw materials purchases 37,500 69,000 Selling expenses 50,400 51,100 Sales 297,900 371,820 Cash 25,000 16,700 Accounts receivable, net 14,400 24,700 Exercise 18-7 (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.
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