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The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process
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 Garcon Company $14,500 18,700 Pepper Company $ 18,400 21,300 13,800 9,400 32,000 22,300 20,800 44,600 19,100 14,600 Work in process inventory, ending 25,900 18,800 Raw materials inventory, ending Factory utilities 5,900 7,600 9,300 14,000 General and administrative expenses 27,500 43,000 Indirect labor 15,300 13,860 Repairs-Factory equipment 6,740 2,000 Raw materials purchases 35,000 56,500 Selling expenses 52,800 47,200 Sales 282,660 395,790 Cash Accounts receivable, net 21,000 14,600 23,200 23,950 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. 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. 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 Garcon Company Pepper Company Planting Required 2> 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. Goods available for sale Cost of goods sold Garcon Company Pepper Company < Required 1 Required 2 >
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