Using the following data from both Garcon Company and Pepper Company for the year ended December 31,
Question:
Using the following data from both Garcon Company and Pepper Company for the year ended December 31, 2019,compute
(1) The cost of goods manufactured
(2) The cost of goods sold.
Transcribed Image Text:
Garcon Co. Pepper Co. Beginning finished goods inventory . $ 12,000 $ 16,450 Beginning work in process inventory 14,500 19,950 7,250 Beginning raw materials inventory (direct materials)... Rental cost on factory equipment . Direct labor.... 9,000 27,000 22,750 19,000 35,000 Ending finished goods inventory 17,650 13,300 Ending work in process inventory. 22,000 16,000 Ending raw materials inventory. 5,300 7,200 Factory utilities... Factory supplies used (indirect materials)..... 9,000 12,000 3,200 8,200 General and administrative expenses 21,000 43,000 Indirect labor.... Repairs-Factory equipment . 7,660 1,250 4,780 1,500 Raw materials purchases 33,000 52,000 Selling expenses 50,000 46,000 Sales ... 195,030 290,010 Cash.... 20,000 15,700 Factory equipment, net 212,500 115,825 Accounts receivable, net .... 13,200 19,450
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (18 reviews)
Garcon Company Pepper Company 1Cost Of Goods Manufactured Direct materials ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In its recent annual report and related Global Responsibility Report, Starbucks provides information on company performance on several dimensions. Indicate whether the following items best fit into...
-
Identify each of the following features as applying more to job order operations (J), process operations (P), or both joborder and process operations (B). Cost object is a process. Measures unit...
-
A manufacturer reports the information below for three recent years. Compute income for each of the three years using absorption costing. Year 2 Year 1 Year 3 Variable costing income Beginning...
-
An inductor has a linear change in current from 50 mA to 100 mA in 2 ms and induces a voltage of 160 mV. Calculate the value of the inductor.
-
The diaphragm of a speaker has a mass of 50.0 g and responds to a signal of frequency 2.0 kHz by moving back and forth with an amplitude of 1.8 104 m at that frequency. (a) What is the maximum force...
-
Write the given expression in the form f(x) = a(x - h) 2 + k. Identify the vertex. f(x) = 3x + 6x + 2
-
Should the requirements of the UCC be subject to the application of reliance theories? Go back and review the facts in Case 21-3 about the coal contract. Should silence followed by contract execution...
-
You have been asked to audit Greystone Company. During the course of your audit, you are asked to prepare comparative data from the company's inception to the present. You have determined the...
-
TheOnlyWizKid, Montclair State University Download and connect to the raw data Market Caps of S_P500 Companies 2008-2015.xls on Canvas>Files> Tableau Data Files using Tableau. The Excel file lists...
-
Create a public functional interface Validate with a method: public boolean validate name(String name); Create a public class ValidateUtility with the below methods: public static Validate...
-
Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product (PROD) or period (PER) cost. If a product cost, identify it as direct materials (DM), direct...
-
In its recent annual report and related Corporate Responsibility Report, Hyatt provides information on company performance on several dimensions. Indicate whether the following items below best fit...
-
Each of the following quotes is based on the results of an experiment or an observational study. Explain which was used. If an observational study was used, explain whether an experiment could have...
-
Which theoretical framework offers the most comprehensive analysis for elucidating the entrenched systemic inequalities prevalent within the fashion industry?
-
Suppose we have a production function Q = 16.7K - K^2. If marginal revenue is $10, what is the marginal revenue product of capital when K=4. Hint: Round your answer to two decimal places.
-
In what ways did Buddhism emerge as a responsive discourse to the foundational tenets of early Hinduism?
-
A stock price with an expected return of 26% and a volatility of 30% . The current price is $48 . What is the probability that a European call option on the stock with an exercise price of $50 and a...
-
Why should the provincial government Premier Doug Ford and the Progressive Conservative Party lower taxes?
-
Hogan Company uses the net method of accounting for sales discounts. Hogan offers trade discounts to various groups of buyers. On August 1, 2018, Hogan factored some accounts receivable on a without...
-
A 6-lb shell moving with a velocity ?? v0k explodes at point D into three fragments which hit the vertical wall at the points indicated. Fragments A, B, and C hit the wall 0.010 s, 0.018 s, and 0.012...
-
Return on total assets can be separated into two important components. 1. Write the formula to separate the return on total assets into its two basic components. 2. Explain how these components of...
-
A U.S. company sells a product to a British company with the transaction listed in British pounds. On the date of the sale, the transaction total of $16,000 is billed as 10,000, reflecting an...
-
On March 1, 2011, a U.S. company made a credit sale requiring payment in 30 days from a Malaysian company, Hamac Sdn. Bhd., in 20,000 Malaysian ringgits. Assuming the exchange rate between Malaysian...
-
Write the following as an inequality. -9 is less than x, and 6 is greater than or equal to x Use x only once in your inequality.
-
K Find the length of the golden rectangle whose width is 5.1 in. Use the approximation 1.62 for your work. If 5.1 is the width, then the length of the golden rectangle is approximately in. (Round to...
-
Could you elucidate the ways in which the novelist utilizes structural ambiguity and narrative fragmentation to depict the existential conflict between individual agency and societal determinism?
Study smarter with the SolutionInn App