The following data is provided for Garcon Company and PepperCompany.Garcon CompanyPepper CompanyBeginning...The following data...

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Accounting

The following data is provided for Garcon Company and PepperCompany.

Garcon CompanyPepper Company
Beginning finished goodsinventory$14,200$19,750
Beginning work in processinventory17,10020,550
Beginning raw materialsinventory10,80015,000
Rental cost on factoryequipment30,75022,900
Direct labor20,20037,000
Ending finished goodsinventory18,50013,200
Ending work in processinventory28,00018,400
Ending raw materialsinventory5,8008,400
Factory utilities13,95014,500
Factory supplies used11,8005,400
General and administrativeexpenses32,50046,000
Indirect labor1,4008,020
Repairs—Factory equipment7,2203,350
Raw materials purchases40,50066,000
Selling expenses50,80049,000
Sales222,030317,510
Cash31,00024,200
Factory equipment, net227,500151,825
Accounts receivable, net16,40021,450

Exercise 14-8 Cost of goods manufactured and cost of goods soldcomputation LO P1, P2

Required:
1. Complete the table to find the cost of goodsmanufactured for both Garcon Company and Pepper Company for theyear ended December 31, 2017.
2. Complete the table to calculate the cost ofgoods sold for both Garcon Company and Pepper Company for the yearended December 31, 2017.

What is the total manufacturing costs? I do not know it

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4.3 Ratings (789 Votes)

1

Garcon Company Pepper Company
Direct Material
Beginning raw materials inventory 10,800 15,000
Add Raw materials purchases 40,500 66,000
Raw Material Avialable for Use 51,300 81,000
Less Ending raw materials inventory 5,800 8,400
Direct Material Used 45,500 72,600
Direct Labor 20,200 37,000
Factory Ovehead
Indirect labor 1400 8020
Factory supplies used 11800 5400
Factory utilities 13950 14500
Rental cost on factory equipment 30750 22900
Repairs—Factory equipment 7220 3350
Total Factory overhead 65120 54170
Total Manufacturing Cost 1,30,820 1,63,770
Add Beginning work in process inventory 17,100 20,550
Total Cost of Work in Progress 1,47,920 1,84,320
LessEnding work in process inventory 28,000 18,400
Cost of goods Manufactured 1,19,920 1,65,920

2

Garcon Company Pepper Company
Beginning finished goods inventory 14200 19750
Add Cost of goods Manufactured 1,19,920 1,65,920
Cost of Goods Available for Sales 1,34,120 1,85,670
Less Ending finished goods inventory 18,500 13,200
Cost of Goods Sold 1,15,620 1,72,470

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Transcribed Image Text

In: AccountingThe following data is provided for Garcon Company and PepperCompany.Garcon CompanyPepper CompanyBeginning...The following data is provided for Garcon Company and PepperCompany.Garcon CompanyPepper CompanyBeginning finished goodsinventory$14,200$19,750Beginning work in processinventory17,10020,550Beginning raw materialsinventory10,80015,000Rental cost on factoryequipment30,75022,900Direct labor20,20037,000Ending finished goodsinventory18,50013,200Ending work in processinventory28,00018,400Ending raw materialsinventory5,8008,400Factory utilities13,95014,500Factory supplies used11,8005,400General and administrativeexpenses32,50046,000Indirect labor1,4008,020Repairs—Factory equipment7,2203,350Raw materials purchases40,50066,000Selling expenses50,80049,000Sales222,030317,510Cash31,00024,200Factory equipment, net227,500151,825Accounts receivable, net16,40021,450Exercise 14-8 Cost of goods manufactured and cost of goods soldcomputation LO P1, P2Required:1. Complete the table to find the cost of goodsmanufactured for both Garcon Company and Pepper Company for theyear ended December 31, 2017.2. Complete the table to calculate the cost ofgoods sold for both Garcon Company and Pepper Company for the yearended December 31, 2017.What is the total manufacturing costs? I do not know it

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