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Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] The following data is
Use the following information for the Exercises below. (Algo)
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[The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
Garcon Company | Pepper Company | |
---|---|---|
Finished goods inventory, beginning | $ 14,700 | $ 17,050 |
Work in process inventory, beginning | 15,200 | 20,550 |
Raw materials inventory, beginning | 10,100 | 11,250 |
Rental cost on factory equipment | 32,500 | 23,800 |
Direct labor | 20,200 | 39,400 |
Finished goods inventory, ending | 18,650 | 15,800 |
Work in process inventory, ending | 22,000 | 17,400 |
Raw materials inventory, ending | 7,200 | 7,400 |
Factory utilities | 12,450 | 14,750 |
General and administrative expenses | 27,000 | 52,500 |
Indirect labor | 10,250 | 12,260 |
RepairsFactory equipment | 6,860 | 3,200 |
Raw materials purchases | 36,000 | 68,500 |
Selling expenses | 50,400 | 53,500 |
Sales | 276,690 | 372,350 |
Cash | 20,000 | 18,700 |
Accounts receivable, net | 16,400 | 22,950 |
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