! Required information [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. Garcon Company Pepper Company Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor $ 13,400 18,700 $ 17,200 23,100 8,200 12,150 31,500 24,550 23,200 37,000 Finished goods inventory, ending 17,600 13,000 Work in process inventory, ending Raw materials inventory, ending Factory utilities 24,400 20,200 5,500 9,000 13,050 14,500 General and administrative expenses 34,500 47,500 Indirect labor 11,850 13,220 Repairs-Factory equipment 5,660 2,500 Raw materials purchases 34,000 60,000 Selling expenses 51,200 57,700 Sales 271,530 383,730 Cash 24,000 18,200 Accounts receivable, net 14,600 23,950 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.
! Required information [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. Garcon Company Pepper Company Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor $ 13,400 18,700 $ 17,200 23,100 8,200 12,150 31,500 24,550 23,200 37,000 Finished goods inventory, ending 17,600 13,000 Work in process inventory, ending Raw materials inventory, ending Factory utilities 24,400 20,200 5,500 9,000 13,050 14,500 General and administrative expenses 34,500 47,500 Indirect labor 11,850 13,220 Repairs-Factory equipment 5,660 2,500 Raw materials purchases 34,000 60,000 Selling expenses 51,200 57,700 Sales 271,530 383,730 Cash 24,000 18,200 Accounts receivable, net 14,600 23,950 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.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...
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