[The following information applies to the questions displayed below] The following data is provided for Garcon...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
[The following information applies to the questions displayed below] 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 $ 12,800 Pepper Company $ 16,450 17,900 21,900 9,900 11,250 32,250 24,550 24,800 41,000 Finished goods inventory, ending 19,400 16,600 Work in process inventory, ending 25,000 16,400 Raw materials inventory, ending 7,900 9,400 Factory utilities 11,250 13,250 General and administrative expenses 31,500 57,500 Indirect labor 14,000 13,720 Repairs-Factory equipment 7,100 2,550 Raw materials purchases 47,500 68,500 Selling expenses 53,200 57,400 Sales Cash Accounts receivable, net 295,170 393,850 23,000 14,600 16,700 24,200 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, Required information Complete this question by entering your answers in the tabs below. 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. Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Garcon Company Pepper Company 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. Goods available for sale Cost of goods sold Garcon Company Pepper Company [The following information applies to the questions displayed below] 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 $ 12,800 Pepper Company $ 16,450 17,900 21,900 9,900 11,250 32,250 24,550 24,800 41,000 Finished goods inventory, ending 19,400 16,600 Work in process inventory, ending 25,000 16,400 Raw materials inventory, ending 7,900 9,400 Factory utilities 11,250 13,250 General and administrative expenses 31,500 57,500 Indirect labor 14,000 13,720 Repairs-Factory equipment 7,100 2,550 Raw materials purchases 47,500 68,500 Selling expenses 53,200 57,400 Sales Cash Accounts receivable, net 295,170 393,850 23,000 14,600 16,700 24,200 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, Required information Complete this question by entering your answers in the tabs below. 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. Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Garcon Company Pepper Company 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. Goods available for sale Cost of goods sold Garcon Company Pepper Company
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
2.) A truck with axle loads of W = 19.6kN and W2 = 78.6kN on a wheel base of d = 4.3m rolls across the beam shown in the figure. Determine the following: 3m 25 m 22 m a.) Draw the influence line for...
-
In Alomar Company, employees are entitled to 1 days vacation for each month worked. In January, 50 employees worked the full month. Record the vacation pay liability for January assuming the average...
-
In 1879, A.A. Michelson measured the velocity of light in air using a modification of a method proposed by the French physicist Foucault. Twenty of these measurements are in table 6E.27 (the value...
-
Where do the following accounts (and their balances) appear in the balance sheet? a. Dividends Payable-Common Stock b. Stock Dividend Distributable
-
Spread the balance sheets and income statements of Lake of Egypt Marina, Inc. for 2015 and 2014. Lake of Egypt Marina, Inc Balance Sheet as of December 31,2015 and 2014 in millions of dollars Assets...
-
Which of these is NOT a general sociocultural trend occurring in the United States that affect organizations? Question 1 1 options: Sexual harassment at work in the era of #MeToo. While women have...
-
University Printers has two service departments (Maintenance and Personnel) and two operating departments (Printing and Developing). Management has decided to allocate maintenance costs on the basis...
-
What theorists are most likely to argue the city's form and growth come from decisions made by people and organizations that control wealth and other key resources?
-
We discussed general controls, such as passwords and user-IDs and how the access control matrix defines what an individual user can/cannot do for any individual task. Listed below are tasks that are...
-
A helium-filled balloon, whose envelope has a mass of 0.29 kg, is tied to a 3.8-m long, 0.054-kg string. The balloon is spherical with a radius of 0.40 m. When released, it lifts a length h of the...
-
What are the potential benefits of integrating elements from both positive psychology and clinical psychology? Please include references
-
NGA is listed on the Stock Exchange of a central European country. The company manufactures a wide range of pharmaceutical products including modern drugs used in preventing and treating cancer,...
-
Gamestart is a videogame retailer that operates mainly in the US. The company has issued common stock equity, partly owned by institutional investors, and bonds to finance its operations. Those are...
-
What steps must a business take to implement a program of social responsibility?
-
Ruby Company received a four month, five percent note receivable for \($40,000\) on October 1, 2019. How much interest income should be accrued on December 31, 2019?
-
Nafooz Company pays a two percent credit card fee on all credit sales, and receives a cash deposit immediately following each credit card transaction. If credit sales for the company total...
-
Kelly Company purchased manufacturing equipment for \($20,000\) cash. In addition to the \($20,000\) purchase price, Kelly paid sales tax of \($1,600\), freight costs of \($400\), installation costs...
Study smarter with the SolutionInn App