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 $ 14,500 $ 18,700 18,200 21,600 11,000 14,850 33,250 25,450 22,000 36,200 Finished goods inventory, ending 18,800 14,900 Work in process inventory, ending 27,780 21,200 Raw materials inventory, ending 6,700 10,000 Factory utilities 13,500 15,250 General and administrative expenses 23,000 59,000 Indirect labor 12,150 12,760 Repairs-Factory equipment 4,820 3,850 Raw materials purchases 37,500 62,000 Cash Selling expenses Sales Accounts receivable, net 53,600 53,800 276,720 376,880 27,000 23,200 15,800 23,450 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.
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 $ 14,500 $ 18,700 18,200 21,600 11,000 14,850 33,250 25,450 22,000 36,200 Finished goods inventory, ending 18,800 14,900 Work in process inventory, ending 27,780 21,200 Raw materials inventory, ending 6,700 10,000 Factory utilities 13,500 15,250 General and administrative expenses 23,000 59,000 Indirect labor 12,150 12,760 Repairs-Factory equipment 4,820 3,850 Raw materials purchases 37,500 62,000 Cash Selling expenses Sales Accounts receivable, net 53,600 53,800 276,720 376,880 27,000 23,200 15,800 23,450 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.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 9P: Glasson Manufacturing Co. produces only one product. You have obtained the following information...
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