FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Required 1 Required 2
Compute the total prime costs for both Garcon Company and Pepper Company.
Garcon
Company
Pepper
Company
Total prime costs
Required 1 Required 2
< Required 1
Total conversion costs
Compute the total conversion costs for both Garcon Company and Pepper Company.
Garcon
Company
Pepper
Company
Required 2 >
< Required 1
Required 2 >
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Transcribed Image Text:Required 1 Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Total prime costs Required 1 Required 2 < Required 1 Total conversion costs Compute the total conversion costs for both Garcon Company and Pepper Company. Garcon Company Pepper Company Required 2 > < Required 1 Required 2 >
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
Finished goods inventory, ending
Work in process inventory, ending
Raw materials inventory, ending
Factory utilities
General and administrative expenses
Indirect labor
Repairs-Factory equipment
Raw materials purchases
Selling expenses
Sales
Cash
Accounts receivable, net
Garcon
Company
$ 14,500
16,600
10,300
30,500
23,000
17,750
27,400
6,300
10,500.
29,000
11,000
5,060
48,000
63,200
294,900
26,000
16,800
Pepper
Company
$ 18,400
21,000
9,750
24,700
38,200
14,600
20,000
8,800
16,500
49,000
12,560
3,150
64,500
56,200
388,880
17,700
20,700
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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Transcribed Image Text: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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 14,500 16,600 10,300 30,500 23,000 17,750 27,400 6,300 10,500. 29,000 11,000 5,060 48,000 63,200 294,900 26,000 16,800 Pepper Company $ 18,400 21,000 9,750 24,700 38,200 14,600 20,000 8,800 16,500 49,000 12,560 3,150 64,500 56,200 388,880 17,700 20,700 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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