Excercise 18-9

Using the following data, compute (1) the cost of goods manufactured and (2) the cost of both Garcon Company and Pepper Company for the year ended December 31, 2015. Exercise 18-8 Cost of goods manufactured and cost of goods sold computation P1 P2 Garcon Pepper Company Com $12,000 14,500 Beginning finished goods inventory. . . . . . . Beginning work in process inventory.. Beginning raw materials inventory . . . . . Rental cost on factory equipment . Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory.... Factory utilities $16.450 9,950 9,000 22.750 35,000 13.300 16,000 7.200 12.000 3.200 43,000 7,660 1,500 52,000 46,000 195,030 290.010 15,700 7.250 27,000 19,000 17.650 22,000 5,300 9,000 8,200 General and administrative expenses . . . . . . . Indirect labor Repairs -Factory equipment Raw materials purchases Selling expenses Sales 21,000 1,250 4,780 Check Garcon COGS $91,030 33,000 50,000 20,000 13.200