Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Romework The following data is provided for Garcon Company and Pepper Company Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory

image text in transcribed
image text in transcribed
image text in transcribed
Romework The following data is provided for Garcon Company and Pepper Company Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory 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 General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,880 17.100 10,200 30,500 22,400 19,250 27,100 5,500 9,450 11,500 21,500 1,200 5,540 35,500 52,800 246,038 23,000 252,500 16,400 Pepper Company $ 17,800 20,850 -14,850 25,300 39.000 15,600 21,600 7.800 12 peo 4,200 47,500 9,880 1,750 63,000 48,100 292,510 20,200 178,825 20,700 Exercise 18-8 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 Popper Company for the year ended December 31, 2017 2. Complete the table to calcutate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017 Complete the table to find the cost of goods manufactured for both Garcon Co December 31, 2017. Garcon Company Pepper Company Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Complete the table to calculate the cost of goods sold for both Garcon Company December 31, 2017. Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Auditing and Other Assurance Services

Authors: Ray Whittington, Kurt Pany

19th edition

978-0078025617

Students also viewed these Accounting questions

Question

Date of activity Futures market activity Physical market activity

Answered: 1 week ago