[The following information applies to the questions displayed below.] The following data is provided for Garcon...

 

 

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 $ 14,800 Pepper Company $ 16,750 15,700 19,650 10,900. 11,550 28,250 22,900 23,400 38,600 Finished goods inventory, ending 19,250 16,500 Work in process inventory, ending Raw materials inventory, ending Factory utilities 27,700 18,000 7,600 7,400 13,500 15,500 General and administrative expenses 26,000 53,000 Indirect labor 14,900 11,360 Repairs-Factory equipment 5,540 $2,150 Raw materials purchases 36,000 66,000 Selling expenses 51,200 50,500 Sales 285,060 386,020 Cash 21,000 19,700 Accounts receivable, net 16,000 21,200 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. [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 $ 14,800 Pepper Company $ 16,750 15,700 19,650 10,900. 11,550 28,250 22,900 23,400 38,600 Finished goods inventory, ending 19,250 16,500 Work in process inventory, ending Raw materials inventory, ending Factory utilities 27,700 18,000 7,600 7,400 13,500 15,500 General and administrative expenses 26,000 53,000 Indirect labor 14,900 11,360 Repairs-Factory equipment 5,540 $2,150 Raw materials purchases 36,000 66,000 Selling expenses 51,200 50,500 Sales 285,060 386,020 Cash 21,000 19,700 Accounts receivable, net 16,000 21,200 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.