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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
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 $13,900 $19,900 Beginning work in process inventory. 17,500 21,450 Beginning raw materials inventory (direct materials) 11,400 10,500 Rental cost on factory equipment 29,250 23,200 Direct labor 24,400 36,200 Ending finished goods inventory 18,650 16,200 Ending work in process inventory 25,900 20,800 Ending raw materials inventory 7,900 7,600 Factory utilities. 10,350 15,750 Factory supplies used (indirect materials) 11,200 4,600 General and administrative expenses 31,500 43,500 Indirect labor 2,150 8,620 Repairs-Factory equipment 5,060 3,150 Raw materials purchases 43,500 66,500 Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 51,600 56,500 195,030 342,510 21,000 23,200 232,500 115,825 14,000 22,450 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.
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