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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 Garcon
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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 13,600 16,700 8,600 27,250 19,200 19,250 28,000 7,500 9,600 27,800 11,950 6,500 37,800 64,400 283,770 21,800 15,400 Pepper Company $ 16,150 23,480 14,250 23,950 35,480 16,680 20,880 7,600 12,500 58,000 12,940 2,480 62,080 55,000 389,990 28,780 21,200 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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Garcon Company $ 13,600 16,700 8,600 27,25e 19,200 19,25e 28,eee 7,500 9,600 27,900 11,950 6,50 37,800 64,40e 283,778 21,800 15,400 Pepper Company $ 16,150 23,480 14,250 23,950 35,480 16,689 29,800 7,680 12,580 50,000 12,940 2,480 62,600 55, eee 388,990 20,780 21,200 Cash Accounts receivable, net 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
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