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
$
19,600
Beginning work in process inventory
18,800
22,800
Beginning raw materials inventory
7,200
13,200
Rental cost on factory equipment
31,500
24,100
Direct labor
20,800
37,800
Ending finished goods inventory
19,250
13,100
Ending work in process inventory
23,800
21,400
Ending raw materials inventory
6,300
9,800
Factory utilities
10,950
16,000
Factory supplies used
10,900
5,800
General and administrative expenses
29,000
53,500
Indirect labor
2,150
9,700
RepairsFactory equipment
4,820
2,650
Raw materials purchases
35,000
62,500
Selling expenses
58,400
48,100
Sales
216,030
317,510
Cash
33,000
24,200
Factory equipment, net
262,500
118,825
Accounts receivable, net
16,000
24,700
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.
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
Beginning raw materials inventory
Add: Raw materials purchases
Raw materials available for use
0
0
Less: Ending raw materials inventory
Direct materials used
0
0
Direct labor
Factory overhead
Rental cost on factory equipment
Factory utilities
Factory supplies used
Indirect labor
RepairsFactory equipment
Total factory overhead
0
0
Total manufacturing costs
Total cost of work in process
0
0
Cost of goods manufactured
$0
$0
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
$0
$0
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