The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning…
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Question “The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning…”
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company | Pepper Company | ||||||||
Beginning finished goods inventory | $ | 14,500 | $ | 18,700 | |||||
Beginning work in process inventory | 14,800 | 20,250 | |||||||
Beginning raw materials inventory | 11,300 | 14,250 | |||||||
Rental cost on factory equipment | 28,000 | 23,050 | |||||||
Direct labor | 24,600 | 38,600 | |||||||
Ending finished goods inventory | 21,350 | 14,300 | |||||||
Ending work in process inventory | 27,100 | 18,600 | |||||||
Ending raw materials inventory | 6,400 | 8,400 | |||||||
Factory utilities | 10,500 | 17,250 | |||||||
Factory supplies used | 9,400 | 4,900 | |||||||
General and administrative expenses | 22,500 | 47,500 | |||||||
Indirect labor | 2,200 | 7,720 | |||||||
Repairs—Factory equipment | 5,180 | 3,050 | |||||||
Raw materials purchases | 34,000 | 61,500 | |||||||
Selling expenses | 51,200 | 48,100 | |||||||
Sales | 234,030 | 317,510 | |||||||
Cash | 23,000 | 17,700 | |||||||
Factory equipment, net | 262,500 | 157,825 | |||||||
Accounts receivable, net | 16,800 | 21,200 | |||||||
Required:
1. Complete the table to find the cost of goods
manufactured for both Garcon Company and Pepper Company for the
year ended December 31, 2017.
2. Complete the table to calculate the cost of
goods sold for both Garcon Company and Pepper Company for the year
ended December 31, 2017.
Complete the table to find the cost of goods manufactured for
both Garcon Company and Pepper Company for the year ended December
31, 2017.
|
Complete the table to calculate the cost of goods sold for both
Garcon Company and Pepper Company for the year ended December 31,
2017.
|
Answer
Conclusion
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