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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. Garcon Company Pepper Company Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Finished goods inventory, ending $ 13,500 $18,250 16,700 23,250 7,200 11,100 33,250 23,200 24,800 37,000 19,400 14,700 Work in process inventory, ending Raw materials inventory, ending Factory utilities 22,300 19,400 7,300 9,000 9,750. 16,750 General and administrative expenses 32,000 50,500 Indirect labor 13,850 11,040 Repairs-Factory equipment 7,580 3,900 Raw materials purchases 45,000 62,000 Selling expenses 63,200 51,400 Sales 272,460 377,480 Cash 26,000 20,200 Accounts receivable, net 13,600 19,950 Exercise 18-7 (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. Complete this question by entering your answers in the tabs below. Required Information 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. 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 Required 2 > ces Complete 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
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