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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 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.

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.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 53P: Cost of Direct Materials, Cost of Goods Manufactured, Cost of Goods Sold Bisby Company manufactures...
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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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