Using the following selected data from both Garcon Company and Pepper Company for the year ended December
Question:
Using the following selected 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:
Pepper Co. Garcon Co. $ 12,000 $ 16,450 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials).. 14,500 19,950 7,250 9,000 Rental cost on factory equipment 22,750 27,000 Direct labor.... 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 8,200 3,200 General and administrative expenses 21,000 43,000 Indirect labor..... Repairs-Factory equipment . 1,250 7,660 4,780 1,500 Raw materials purchases 33,000 52,000 Selling expenses 50,000 46,000 290,010 Sales ... 195,030 Cash...... 20,000 15,700 Accounts receivable, net 13,200 19,450
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Related Book For
Managerial Accounting
ISBN: 978-1260482935
7th edition
Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta
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