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. 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 Garcon Company $ 13,600 15,500 Pepper Company $ 17,350 22,650 8,600 14,850 29,750 22,300 21,200 43,000 Finished goods inventory, ending 19,850 15,400 Work in process inventory, ending 27,400 19,200 Raw materials inventory, ending 5,600 9,200 Factory utilities 9,750 17,750 General and administrative expenses 25,500 47,500 Indirect labor 16,050 14,520 Repairs-Factory equipment 5,420 2,250 Raw materials purchases 40,500 59,000 Selling expenses 55,600 46,600 Sales 276,630 373,700 Cash 24,000 15,700 Accounts receivable, net 14,200 21,950 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Total prime costs Garcon Company Pepper Company 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 Garcon Company $ 13,600 15,500 Pepper Company $ 17,350 22,650 8,600 14,850 29,750 22,300 21,200 43,000 Finished goods inventory, ending 19,850 15,400 Work in process inventory, ending 27,400 19,200 Raw materials inventory, ending 5,600 9,200 Factory utilities 9,750 17,750 General and administrative expenses 25,500 47,500 Indirect labor 16,050 14,520 Repairs-Factory equipment 5,420 2,250 Raw materials purchases 40,500 59,000 Selling expenses 55,600 46,600 Sales 276,630 373,700 Cash 24,000 15,700 Accounts receivable, net 14,200 21,950 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total conversion costs for both Garcon Company and Pepper Company. Total conversion costs Garcon Company Pepper Company
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