Finished goods inventory, ending 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 Garcon Company $ 14,500 Pepper Company $ 18,700 18,200 21,600 11,000 14,850 33,250 25,450 22,000 36,200 18,800 14,900 Work in process inventory, ending 27,700 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 Selling expenses 53,600 53,800 Sales Cash Accounts receivable, net 276,720 376,880 27,000 23,200 15,800 23,450

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Finished goods inventory, ending
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
Garcon
Company
$ 14,500
Pepper
Company
$ 18,700
18,200
21,600
11,000
14,850
33,250
25,450
22,000
36,200
18,800
14,900
Work in process inventory, ending
27,700
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
Selling expenses
Sales
53,600
53,800
276,720
376,880
Cash
Accounts receivable, net
27,000
23,200
15,800
23,450
1. Compute the total prime costs for both Garcon Company and Pepper Company.
2. Compute the total conversion costs for both Garcon Company and Pepper Company.
Transcribed Image Text:Finished goods inventory, ending 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 Garcon Company $ 14,500 Pepper Company $ 18,700 18,200 21,600 11,000 14,850 33,250 25,450 22,000 36,200 18,800 14,900 Work in process inventory, ending 27,700 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 Selling expenses Sales 53,600 53,800 276,720 376,880 Cash Accounts receivable, net 27,000 23,200 15,800 23,450 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company.
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