Question: Don't no what I'm missing The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory,

Don't no what I'm missing




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 Finished goods inventory, ending Work in process inventory, ending Raw materials inventory, ending Factory utilities General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Accounts receivable, net Garcon Company $ 12,000 14,500 7,250 27,000 19,000 17,650 22,000 5,300 9,000 21,000 9,450 4,780 33,000 50,000 195,030 20,000 13, 200 Pepper Company $ 16,450 19,950 9,000 22,750 35,000 13,300 16,000 7,200 12,000 43,000 10,860 1,500 52,000 46,000 290,010 15,700 19,450 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. w 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. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31. Garcon Company Pepper Company $ $ Direct materials Raw materials inventory, beginning Add: Raw materials purchases Raw materials available for use Less: Raw materials inventory, ending Direct materials used Direct labor Factory overhead Factory utilities Indirect labor Repairs-Factory equipment 7,250 33,000 40,250 (5,300) 34,950 19,000 9,000 52,000 61,000 (7,200) 53,800 35,000 >> 9,000 9,450 4,780 12,000 10,860 1,500 Dantal net on fanton onlinment 27 nnn 22 750 34,950 19,000 53,800 35,000 Direct materials used Direct labor Factory overhead Factory utilities Indirect labor Repairs Factory equipment Rental cost on factory equipment 9,000 9,450 4,780 27,000 12,000 10,860 1,500 22,750 Total factory overhead Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured 50,230 104,180 14,500 118,680 (22,000) 96,680 47,110 135,910 19,950 155,860 (16,000) 139,860 IS $ 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. Garcon Pepper Company Company $ 96,680 X $ 139,860 X 12.000 X 16,450 X Finished goods inventory, beginning Add: ost of goods manufactured Goods available for sale Add: Finished goods inventory, ending Cost of goods sold 108,680 (17,650) $ 91.030 156,310 (13,300) $ 143,010
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
