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
$
14,200
$
17,350
Beginning work in process inventory
15,600
23,400
Beginning raw materials inventory
7,300
11,550
Rental cost on factory equipment
29,750
24,400
Direct labor
24,800
41,400
Ending finished goods inventory
20,900
16,200
Ending work in process inventory
22,300
16,600
Ending raw materials inventory
6,400
7,400
Factory utilities
14,250
14,750
Factory supplies used
8,500
5,200
General and administrative expenses
22,500
55,000
Indirect labor
1,450
9,340
RepairsFactory equipment
5,780
1,800
Raw materials purchases
41,000
54,500
Selling expenses
58,000
47,500
Sales
202,530
305,010
Cash
34,000
24,200
Factory equipment, net
222,500
157,825
Accounts receivable, net
16,600
19,700
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.
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.
Garcon Company
Pepper Company
Direct materials
Raw materials available for use
0
0
Direct materials used
0
0
Factory overhead
Total factory overhead
0
0
Total manufacturing costs
Total cost of work in process
0
0
Cost of goods manufactured
$0
$0
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