The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company $ 17,200 21,600 Finished goods inventory, beginning $ 15,000 Work in process inventory, beginning 16,600 Raw materials inventory, beginning 9,300 Rental cost on factory equipment 34,750 Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash 22,200 General and administrative expenses 23,500 Accounts receivable, net 20,600 24,400 7,400 14,100 15,350 6,260 43,000 55,200 279,630 33,000 16,000 13,500 22,750 41,000 16,300 18,400 9,400 13,250 57,500 14,000 3,700 62,000 48,100 396,810 22,700 19,950 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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
Garcon Company Pepper Company
$ 17,200
Finished goods inventory, beginning $ 15,000
Work in process inventory, beginning 16,600
Raw materials inventory, beginning 9,300
Rental cost on factory equipment
34,750
Direct labor
Finished goods inventory, ending
Work in process inventory, ending
Raw materials inventory, ending
Factory utilities
Indirect labor
Repairs-Factory equipment
Raw materials purchases
Selling expenses
General and administrative expenses 23,500
15,350
Sales
Cash
Accounts receivable, net
22,200
20,600
24,400
7,400
Required 1 Required 2
14,100
Goods available for sale
6,260
Cost of goods sold
43,000
55,200
279,630
33,000
16,000
21,600
Garcon
Company
13,500
22,750
$
41,000
16,300
18,400
0 $
< Required 1
9,400
13,250
57,500
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31.
14,000
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31.
3,700
Complete this question by entering your answers in the tabs below.
62,000
48,100
Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31.
396,810
22,700
19,950
Pepper
Company
0
Required 2 >
Transcribed Image Text:The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company $ 17,200 Finished goods inventory, beginning $ 15,000 Work in process inventory, beginning 16,600 Raw materials inventory, beginning 9,300 Rental cost on factory equipment 34,750 Direct labor Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses General and administrative expenses 23,500 15,350 Sales Cash Accounts receivable, net 22,200 20,600 24,400 7,400 Required 1 Required 2 14,100 Goods available for sale 6,260 Cost of goods sold 43,000 55,200 279,630 33,000 16,000 21,600 Garcon Company 13,500 22,750 $ 41,000 16,300 18,400 0 $ < Required 1 9,400 13,250 57,500 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 14,000 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. 3,700 Complete this question by entering your answers in the tabs below. 62,000 48,100 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. 396,810 22,700 19,950 Pepper Company 0 Required 2 >
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