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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 $ 14,900 16,500 Pepper Company $ 16,900 20,700 10,100 11,550 35,000 25,900 21,400 38,600 17,300 15,200 work in process inventory, ending 26,200 16,400 Raw materials inventory, ending Factory utilities 7,000 8,800 14,550 14,500 General and administrative expenses 27,500 52,000 Indirect labor 14,300 12,440 Repairs-Factory equipment 6,980 3,850 Raw materials purchases 39,000 61,000 Selling expenses 62,800 56,800 Sales 277,380 390,720 Cash Accounts receivable, net 23,000 13,400 16,200 23,950 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. 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 Complete this question by entering your answers in the tabs below. 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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