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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 for
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. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,300 18, 100 7,200 33,250 21,800 20,450 22,600 7,500 13,500 11,800 29,000 1,850 7,580 37,000 57,600 207,030 35,000 237,500 16,200 Pepper Company $ 19,450 23,550 12,000 26,200 38,200 14,600 18,400 7,600 16,000 3,600 50,000 7,840 2,650 66,500 46,600 295, 010 21,200 139,825 23,200 Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Co December 31, 2019. Garcon Company Pepper Company 0 0 0 0 Direct materials Beginning raw materials inventory Add: Raw materials purchases Raw materials available for use Less: Ending raw materials inventory Direct materials used Direct labor Factory overhead RepairsFactory equipment Rental cost on factory equipment Factory utilities Factory supplies used Indirect labor 0 0 Total factory overhead Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process Less: Ending work in process inventory Cost of goods manufactured 0 0 $ 0 $ 0 Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon December 31, 2019. Garcon Company Pepper Company Beginning finished goods inventory Add: Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold $ 0 $ 0
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