Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
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. Caroon Pepper Company Company Tilwhed poods Leventory, beginning 14,200 $ 19,300 Work in process Loventory, beginning 16.900 19.800 Raw materiale inventory, beginning 10,500 10,500 tal coat on factory equipent 32.000 23,950 Direct labor 22.400 57.000 Tinished good Inventory, ending 18.050 13,500 Work in process inventory, anding 23.500 19.600 w materiale inventory, ending 7.100 1,200 Factory utilities 13.000 16.500 Dennes and distrative expenses 25,500 50.000 Indirect labor 10.650 13.600 Repairy guipment 7.460 2,700 Baterias purehance 38.000 63,500 Selling expense 62.400 54.400 Bale 292.110 375.370 22.000 23,200 Anunte recevable.net 16.000 22,200 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 Complete the table to December 31. cost of goods manufactured for both Garcon Company and Pepper Company for the year ended Garcon Company Pepper Company Direct materials Raw materials inventory, beginning Add: Raw materials purchases Raw materials available for use Lesa: Raw materials inventory ending Direct materials used Direct labor Factory overhead Factory utilities Indirect labor Rental cost on factory equipment Repairs Factory equipment 0 Total factory overhead Total manufacturing costs Add: Work in process inventory beginning Total cost of work in process Less: Work in process inventory ending Cost of goods manufactured 05 0 S 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 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 Popper Company for the year ended December 31. Garcon Company Pepper Company Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory ending Cost of goods sold $ 0 $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Funding And Financing Transport Infrastructure

Authors: Athena Roumboutsos, Hans Voordijk, Aristeidis Pantelias

1st Edition

0367735792, 9780367735791

More Books

Students also viewed these Accounting questions

Question

1. Who is your target audience? (everyone cannot be an answer here)

Answered: 1 week ago

Question

What problems have created the client's needs?

Answered: 1 week ago

Question

create simple design pieces exhibiting visual and rhetorical focus.

Answered: 1 week ago