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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) The following data is provided for
Use the following information for the Exercises below. (Algo) [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. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 14,900 Pepper Company $ 17,200 22,800 10,650 14,900 10,500 33,750 -25,450 24,600 44,200 Finished goods inventory, ending 21,050 14,000. Work in process inventory, ending. 24,100 16,200 Raw materials inventory, ending 5,600 7,400 Factory utilities 11,850 17,750 General and administrative expenses: 26,500 55,000 Indirect labor 14,200 13,600 Repairs-Factory equipment 6,500 2,200 Raw materials purchases 41,500 62,500 Selling expenses 50,400 49,300 Sales 282,300 394,650 Cash 26,000 23,700 Accounts receivable, net 16,400 24,200 Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 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. require a Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Direct materials Raw materials inventory, beginning Add: Raw materials inventory, ending 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 0 0 0 0 0 0 0 $ 0 $ 0 Rebulzad 1 Required 2 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. 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 $ $ 0
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