The following data is provided for Garcon Company and Pepper Company for the year ended...
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Accounting
The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company Finished goods inventory, beginning $ 14,500 $ 19,150 Work in process inventory, beginning 14,700 20,100 Raw materials inventory, beginning 9,100 11,550 Rental cost on factory equipment 35,000 24,550 Direct labor 24,200 39,000 Finished goods inventory, ending 21,500 16,800 Work in process inventory, ending 26,500 20,000 Raw materials inventory, ending 5,800 7,600 Factory util
The following data is provided for Garcon Company and Pepper Company for the year ended December 31.
Garcon Company | Pepper Company | |
---|---|---|
Finished goods inventory, beginning | $ 14,500 | $ 19,150 |
Work in process inventory, beginning | 14,700 | 20,100 |
Raw materials inventory, beginning | 9,100 | 11,550 |
Rental cost on factory equipment | 35,000 | 24,550 |
Direct labor | 24,200 | 39,000 |
Finished goods inventory, ending | 21,500 | 16,800 |
Work in process inventory, ending | 26,500 | 20,000 |
Raw materials inventory, ending | 5,800 | 7,600 |
Factory utilities | 12,150 | 15,000 |
General and administrative expenses | 21,000 | 48,500 |
Indirect labor | 12,750 | 12,400 |
RepairsFactory equipment | 5,180 | 2,750 |
Raw materials purchases | 40,500 | 55,000 |
Selling expenses | 50,800 | 56,500 |
Sales | 292,020 | 374,580 |
Cash | 32,000 | 23,700 |
Accounts receivable, net | 16,000 | 19,950 |
- Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31.
- Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31.
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