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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 Beginning finished goods inventory Beginning work in process inventory $ 13,500 16,000 Pepper Company $ 17,950 20,250 Beginning raw materials inventory (direct materials) 9,700 11,550 Rental cost on factory equipment 34,000 24,100 Direct labor 19,400 41,800 Ending finished goods inventory 17,150 13,600 Ending work in process inventory 24,700 20,600 Ending raw materials inventory 5,700 8,800 Factory utilition 12,750 13,250 Factory supplies used (indirect materials) 10,300 5,600 General and administrative expenses 28,000 56,500 Indirect labor 2,300 8,320 Repairs-Factory equipment 5,660 3,850 Raw materials purchases 44,000 67,000 Selling expenses Sales Cash Factory equipment, net 60,400 46,300 241,530 317,510 23,000 252,500 20,700 Accounts receivable, net 13,400 163,825 20,950 Return to questi 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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