Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the following data from both Garcon Company and Pepper Company for the year enden December 31, 2019, compute (1) the cost of goods manufactured
Using the following data from both Garcon Company and Pepper Company for the year enden December 31, 2019, compute (1) the cost of goods manufactured and (2) the cost of goods sold Exercise 18-8 Cost of goods manufactured and cast of goods sold computation P1 P2 Garcon Co. Pepper Co. Beginning finished goods inventory..... Beginning work in process Imentory Beginning raw materialinestory diet materials)... Rental cost on factory equipment Direct labor... Erding finished goods inventory Ending work in process inventory ............... Ending taw materials inventory....... Factory utilities Factory supplies used indirect materials). General and administrative expenses Indirect labor... Repairs-Factory equipment.... Raw materials purchases ... Selling expenses .... Sales $ 12,000 14,500 7.250 27.000 19,000 17.650 22,000 5,300 9,000 8.200 21,000 1.250 4,780 33,000 50,000 195,030 20,000 212,500 13,200 $ 16,450 19.950 9,000 22,750 35,000 13,300 16,000 7.200 12,000 3,200 43,000 7,660 1,500 52,000 46,000 290,010 15,700 115,825 19,450 Check Garcon COGS 591030 Factory equipment, net Accounts receivable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started