Chapter 14 Problems 1 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Part 1 of 2 9.09 points Skipped 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 $ 13,800 Pepper Company $ 17,350 eBook Hint Print 18,200 19,950 11,000 11,250 32,500 22,900 23,000 39,800 Finished goods inventory, ending 18,650 13,700 Work in process inventory, ending 23,500 20,000 Raw materials inventory, ending 6,800 8,000 Factory utilities 10,050 17,000 General and administrative expenses 23,000 54,500 Indirect labor 11,700 14,160 Repairs-Factory equipment 4,940 3,050 Raw materials purchases 41,000 62,000 Selling expenses 60,000 59,200 Sales 275,550 387,310 Cash Accounts receivable, net 34,000 16,400 19,700 19,450 References Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 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 find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Direct materials Garcon Company Pepper Company Raw materials available for use 0 0 Direct materials used 0 0 Factory overhead Total factory overhead Total manufacturing costs 0 0 Total cost of work in process 0 0 Cost of goods manufactured $ 0 $ < Required 1 Required 2 > Saved ! Required information Use the following information for the Exercises below. (Algo) [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 $ 13,800 Pepper Company $ 17,350 19,950 18,200 11,000 11,250 32,500 22,900 23,000 39,800 Finished goods inventory, ending 18,650 13,700 Work in process inventory, ending 23,500 20,000 Raw materials inventory, ending 6,800 8,000 Factory utilities 10,050 17,000 General and administrative expenses 23,000 54,500 Indirect labor 11,700 14,160 Repairs-Factory equipment 4,940 3,050 Raw materials purchases 41,000 62,000 Selling expenses 60,000 59,200 Sales 275,550 387,310 Cash 34,000 19,700 Accounts receivable, net 16,400 19,450 Exercise 14-7 (Algo) Computing cost of goods manufactured and cost of goods sold LO P1, P2 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. Goods available for sale Cost of goods sold Pepper Garcon Company Company $ 0 $ 0 < Required 1 Required 2 >