Question
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 Beginning raw materials inventory (direct materials) $ 13,500 16,000 $ 1 Rental cost on factory equipment 9,700 34,000 Direct labor 19,400. Ending finished goods inventory 17,150 Ending work in process inventory 24,700 201212412 P Ending raw materials inventory 5,700 Factory utilities 12,750 Factory supplies used (indirect materials) 10,300 General and administrative expenses 28,000 5 Indirect labor 2,300 Repairs-Factory equipment 5,660 Raw materials purchases 44,000 Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 60,400 241,530 31 23,000 2 252;500 16 13,400 2 6419 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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