Question: Required information Skip to question ( javascript:; ) [ The following information applies to the questions displayed below. ] The following data is provided for

Required information
Skip to question (javascript:;)
[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.
Garcon Company
Pepper Company
Finished goods inventory, beginning
$ 13,900
$ 16,750
Work in process inventory, beginning
18,100
23,850
Raw materials inventory, beginning
8,200
12,000
Rental cost on factory equipment
31,500
23,650
Direct labor
21,600
43,000
Finished goods inventory, ending
19,550
14,200
Work in process inventory, ending
26,800
18,000
Raw materials inventory, ending
7,500
7,600
Factory utilities
11,400
15,500
General and administrative expenses
34,000
45,500
Indirect labor
15,950
14,320
RepairsFactory equipment
7,220
4,000
Raw materials purchases
41,000
52,500
Selling expenses
50,800
46,300
Sales
276,270
382,690
Cash
21,000
23,200
Accounts receivable, net
13,800
22,950
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 end
ed December 31.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!