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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 materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 12,200 15,100 11,100 31.000 24,000 17,300 24,100 6,700 13, 200 8,500 30,000 1,550 6,020 40,000 55,200 225,030 32,000 227,500 15,600 Pepper Company $ 17,500 22,800 14,550 23,200 38,200 15,800 18,600 9,000 14,000 5,500 53,500 8,020 2,400 63,500 58,000 305,010 22,700 127,825 20,950 Exercise 14-8 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 Popper 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. 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, 2019. Garcon Company Pepper Company $ $ Direct materials Beginning raw materials inventory Less: Ending raw materials inventory Raw materials available for use 11,100 40,000 51,100 14,550 63,500 78,050 Direct materials used 51,100 78,050 Factory overhead Rental cost on factory equipment Factory utilities Factory supplies used Indirect labor Repairs --Factory equipment Total factory overhead Total manufacturing costs 0 0 Total cost of work in process Less: Ending raw materials inventory Cost of goods manufactured $ 0 $ 0 ork Saved Exercise 14-8 Lost or gooas manufacturea ana cost of gooas sola computation LU P1, P2 Required: 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year end 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 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, 2019 Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold $ 0 $ 0
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