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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
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 material General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Pactory equipment, net Accounts receivable, net Garcon Company $ 12,700 15.100 7,600 33,500 20,800 21.650 23,200 6,600 9.900 11,200 33,500 1,800 6,620 37,000 52,000 216,030 23,000 242.500 14.400 Pepper Company $ 19,300 21,900 9,150 25,150 43,400 15,300 21.400 9,000 13,750 5.800 48,000 7.660 2,200 64,000 47,800 302.510 22,200 148,825 20,450 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 Pepper Company for the year ended December 31, 2019 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019 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 material General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Pactory equipment, net Accounts receivable, net Garcon Company $ 12,700 15.100 7,600 33,500 20,800 21.650 23,200 6,600 9.900 11,200 33,500 1,800 6,620 37,000 52,000 216,030 23,000 242.500 14.400 Pepper Company $ 19,300 21,900 9,150 25,150 43,400 15,300 21.400 9,000 13,750 5.800 48,000 7.660 2,200 64,000 47,800 302.510 22,200 148,825 20,450 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 Pepper Company for the year ended December 31, 2019 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019
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