The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 13,200 16, 200 7,500 28,750 20,800 17,750 28,000 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 7,300 14,850 30,500 10,400 7,580 46,500 54,000 272,640 26,000 16, 200 Pepper Company $ 18,250 23,700 11,100 25,150 43,800 16,300 19,600 7,800 14,000 46,000 13,260 4,000 60,000 57,400 384,930 18, 200 20, 200 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.
The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company $ 13,200 16, 200 7,500 28,750 20,800 17,750 28,000 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 7,300 14,850 30,500 10,400 7,580 46,500 54,000 272,640 26,000 16, 200 Pepper Company $ 18,250 23,700 11,100 25,150 43,800 16,300 19,600 7,800 14,000 46,000 13,260 4,000 60,000 57,400 384,930 18, 200 20, 200 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.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 12E: a. Based on the data in Exercise 17-11, determine the following: 1. Cost of beginning work in...
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