The following data is provided for Garcon Company and Pepper Company for the year ended December...
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The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 12,100 Pepper Company $ 17,650 17,900 20,400 11,200 10,350 31,500 24,850 22,800 41,000 Finished goods inventory, ending 18,800 16,500 work in process inventory, ending 24,700 17,600 Raw materials inventory, ending 7,400 8,400 Factory utilities 10,650 14,250 General and administrative expenses 23,500 53,000 Indirect labor 13,600 14,020 Repairs-Factory equipment 6,980 1,900 Raw materials purchases 36,000 61,500 Selling expenses 62,800 57,400 Sales 275,550 392,230 Cash Accounts receivable, net 30,000 15,000 20,700 21,700 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. 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. Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Garcon Company Pepper Company S 0 S 0 < Required 1 Required 2 > The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory, beginning Rental cost on factory equipment Direct labor Garcon Company $ 12,100 Pepper Company $ 17,650 17,900 20,400 11,200 10,350 31,500 24,850 22,800 41,000 Finished goods inventory, ending 18,800 16,500 work in process inventory, ending 24,700 17,600 Raw materials inventory, ending 7,400 8,400 Factory utilities 10,650 14,250 General and administrative expenses 23,500 53,000 Indirect labor 13,600 14,020 Repairs-Factory equipment 6,980 1,900 Raw materials purchases 36,000 61,500 Selling expenses 62,800 57,400 Sales 275,550 392,230 Cash Accounts receivable, net 30,000 15,000 20,700 21,700 1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. 2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31. 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. Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Garcon Company Pepper Company S 0 S 0 < Required 1 Required 2 >
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