Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data is provided for Garcon Company and Pepper Company for the year ended December 31 Garcon Pepper Company Company Finished goods inventory, S
The following data is provided for Garcon Company and Pepper Company for the year ended December 31 Garcon Pepper Company Company Finished goods inventory, S $ beginning 14,600 17,800 Work in process inventory, 18,200 21,600 beginning Raw materials inventory, beginning 8,900 11,700 Rental cost on factory equipment 34,500 22,300 Direct labor 24,200 35,800 Finished goods inventory, 21,500 13,400 ending Work in process inventory, ending 27,100 19,600 Raw materials inventory, ending 5,300 7,600 11,250 15,000 Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net 33,000 54,500 15,750 4,828 12,848 3,300 48,000 67,000 60,000 50,500 278,550 372,520 25,000 16,200 16,000 24,700 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. Complete this question by entering your answers in the tabs below. Required 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. Direct materials Raw materials available for Juse Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Garcon Company Pepper Company Complete this question by entering your answers in the tabs below. Required Required 1 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 Pepper Company Company Goods available for sale Cost of goods sold < Required 1 Required 2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started