Required: 1. Complete the table to find the cost of goods manufactured for both Garcon...
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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.
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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
$
14,400
$
19,150
Beginning work in process inventory
14,500
23,400
Beginning raw materials inventory
8,900
11,850
Rental cost on factory equipment
31,750
22,000
Direct labor
19,800
40,600
Ending finished goods inventory
19,250
15,700
Ending work in process inventory
26,500
19,800
Ending raw materials inventory
7,200
10,000
Factory utilities
13,200
15,500
Factory supplies used
8,500
5,800
General and administrative expenses
29,000
58,000
Indirect labor
1,750
8,440
RepairsFactory equipment
6,620
3,050
Raw materials purchases
37,500
69,500
Selling expenses
53,200
49,600
Sales
234,030
337,510
Cash
23,000
22,700
Factory equipment, net
237,500
145,825
Accounts receivable, net
15,800
23,450
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 Answer is not complete. Complete this question by entering your answers in the tabs below 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, 2017 pper Company Company Direct materials Beginning raw materials inventory Add: Raw materials purchases Raw materials available for use Less: Ending raw materials inventory Direct materials used Direct labor Factory overhead Rental cost on factory equipment Factory utilities Factory supplies used Indirect labor Repairs-Factory equipment Total factory overhead Total manufacturing costs Add: Beginning work in process invento Total cost of work in process Less: Ending work in process inventory Cost of goods manufactured 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. 3 Answer is not complete. Complete this question by entering your answers in the tabs below. 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, 2017. Pepper Garcon Company Company Cost of goods available for sale Cost of goods sold Required 1 Required 2
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