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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 provided
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 $ 13,500 Pepper Company $ 16,300 16,600 19,800 10,700 14,850 30,000 23,200 21,400 36,600 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities 18,800 16,000 23,200 16,200 6,700 7,400 14,550 15,250 General and administrative expenses 27,500 58,500 Indirect labor 11,400 11,960 Repairs-Factory equipment 6,260 2,900 Raw materials purchases 40,500 65,000 Selling expenses Sales Cash Accounts receivable, net 51,200 56,200 273,540 381,290 29,000 17,200 14,000 23,950 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Company Company Cost of goods manufactured Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Goods available for sale Cost of goods sold Garcon Company Pepper Company
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