The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 15,000 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 Direct materials Raw materials available for use Direct materials used Factory overhead 18, 700 11, 500 32, 500 Total factory overhead Total manufacturing costs 21,000 17, 300 25, 600 6,000 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Total cost of work in process 11,550 34,000 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Cost of goods manufactured 11, 500 5, 420 42,500 60, 800 289, 290 20, 000 16, 200 Complete this question by entering your answers in the tabs below. Garcon Company Pepper Company $ 17,950 Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 20, 550 10, 650 26, 800 40, 600 14, 100 17,400 7, 600 14,000 45, 500 14, 080 2,100 62, 500 59,800 380, 200 21, 700 21, 450 Pepper Company

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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6 part 2

Required 1 Required 2
Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31.
Goods available for sale
Cost of goods sold
Garcon
Company
Pepper
Company
Transcribed Image Text:Required 1 Required 2 Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Goods available for sale Cost of goods sold Garcon Company Pepper Company
The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
Garcon
Company
$ 15,000
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
Direct materials
Raw materials available for use
Direct materials used
Factory overhead
18, 700
11, 500
32, 500
21, 000
Total factory overhead
Total manufacturing costs
17,300
25, 600
Total cost of work in process
6,000
11,550
34,000
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31.
Cost of goods manufactured
11, 500
5, 420
500
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended
December 31.
Garcon
Company
42,
60, 800
289, 290
20, 000
16, 200
Complete this question by entering your answers in the tabs below.
Pepper
Company
$ 17,950
Required 1 Required 2
Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended
December 31.
20, 550
10, 650
26, 800
40, 600
14, 100
17,400
7,600
14,000
45, 500
14, 080
2,100
62,500
59,800
380, 200
21, 700
21, 450
Pepper
Company
Transcribed Image Text:The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 15,000 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 Direct materials Raw materials available for use Direct materials used Factory overhead 18, 700 11, 500 32, 500 21, 000 Total factory overhead Total manufacturing costs 17,300 25, 600 Total cost of work in process 6,000 11,550 34,000 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Cost of goods manufactured 11, 500 5, 420 500 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company 42, 60, 800 289, 290 20, 000 16, 200 Complete this question by entering your answers in the tabs below. Pepper Company $ 17,950 Required 1 Required 2 Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 20, 550 10, 650 26, 800 40, 600 14, 100 17,400 7,600 14,000 45, 500 14, 080 2,100 62,500 59,800 380, 200 21, 700 21, 450 Pepper Company
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