50.1K

Verified Solution

Link Copied!

TU Help Save & EN Required information The following information applies to the questions displayed below) The following data in provided for Garcon Company and Pepper Company Garcon Pepper Company Company Beginning finished goods Inventory $ 12,100 $ 19,500 Beginning work in process inventory 15,400 23,250 Beginning raw materials inventory 11,600 14,850 Rental cost on factory equipment 27,500 26,650 Direct labor 21,000 41,800 Ending finished goods Inventory 21,200 14,600 Ending work in process Inventory 25,900 20,800 Ending raw materials Inventory 7.800 8,600 Factory utilities 14,250 16,250 Factory supplies used 8,500 3,400 General and administrative expenses 30,000 44,000 Indirect labor 1,65 640 Repairs-Factory equipment 7,340 2,950 Raw materiais purchases 34,500 55,000 Selling expenses 58.480 51,100 Sales 243,838 342,510 Cash 30,000 17,700 Factory equipment, net 237,500 148,825 Accounts receivable, et 16,200 22,450 Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 58,40051, 100 243,03 342,510 33,600 17,709 237,500 148,825 16,200 22,450 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 Complete this question by entering your answers in the tabs below. roblems i Required information Garcon Company Pepper Company Direct materials Raw materials available for use 0 Direct materials used 0 0 Factory overhead Total factory overhead Total manufacturing costs 0 Total cost of work in process 0 0 Cost of goods manufactured S 0 $ Required 2 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 Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold 0 $

Answer & Explanation Solved by verified expert

See Answer