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 Finished goods inventory, ending Work in process inventory ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 14,900 18,100 10,600 34,500 24,600 20,000 23, 800 6,900 14,550 31,000 12,450 5,780 37,000 64,800 288,540 31,000 16,000 Pepper Company $ 19,450 22, 200 11,250 22,000 40,200 14,500 16,600 10,000 13,000 57,000 13,020 1,600 65,500 48, 100 384,330 19,200 19,450 Exercise 14-7 (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 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, Garcon Pepper Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31 Garcon Company Pepper Company 11,250 10.600 37.000 47.600 65,500 76,750 47,600 24.000 70.750 40,200 Durect materials Raw materials inventory beginning Add: Raw materials purchases Raw materials available for use Less Work in process inventory, ending Die materials used Direct labor Factory overhead Rental cost on factory equipment Factory Rental cost on factory equipment indirect labor Repair Factory equipment Total factory overhead Total manufacturing costs We hain 000 0 Required information Garcon Company Pepper Company Direct materials Raw materials inventory, beginning Add: Raw materials purchases Raw materials available for use Less. Work in process inventory ending Direct materials used 10,600 37,000 47,600 11.250 65.500 76.750 76,750 47,600 24,600 40,200 Direct labor Factory overhead Rental cost on factory equipment Factory utilities Rental cost on factory equipment Indirect bor Repair Factory equipment 0 Total factory overhead Total manufacturing costs Add: Work in process inventory beginning Total cost of work in process 0 Add. Work in process inventory lending Cost of goods manufactured 0 0 Required 2 > Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31 Garcon Company Pepper Company Goods available for sale Cont of goods sold $ 0 0 Required 1
