Required information [The following information applies to the questions displayed below.] The following...
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Accounting
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[The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company.
Garcon Company
Pepper Company
Beginning finished goods inventory
$
12,700
$
16,600
Beginning work in process inventory
18,000
23,550
Beginning raw materials inventory
11,500
13,350
Rental cost on factory equipment
27,250
26,950
Direct labor
20,600
43,000
Ending finished goods inventory
20,000
13,500
Ending work in process inventory
25,300
17,200
Ending raw materials inventory
6,200
8,000
Factory utilities
11,550
13,000
Factory supplies used
13,300
4,200
General and administrative expenses
30,500
58,000
Indirect labor
2,400
9,880
RepairsFactory equipment
6,740
3,750
Raw materials purchases
37,500
60,500
Selling expenses
60,800
58,000
Sales
234,030
332,510
Cash
31,000
18,700
Factory equipment, net
262,500
151,825
Accounts receivable, net
16,000
24,450
Required:1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.
Complete this question by entering your answers in the tabs below.
Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017.
Garcon Company
Pepper Company
Direct materials
Raw materials available for use
Direct materials used
Factory overhead
Total factory overhead
Total manufacturing costs
Total cost of work in process
Cost of goods manufactured
Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.
Garcon Company
Pepper Company
Cost of goods available for sale
Cost of goods sold
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