Question: Required information Skip to question [ The following information applies to the questions displayed below. ] The following data is provided for Garcon Company and

Required information
Skip to question
[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 $ 12,300 $ 16,750
Work in process inventory, beginning 19,00023,100
Raw materials inventory, beginning 9,70011,250
Rental cost on factory equipment 28,75022,900
Direct labor 23,40037,000
Finished goods inventory, ending 19,85014,500
Work in process inventory, ending 27,40017,200
Raw materials inventory, ending 7,1007,400
Factory utilities 9,30012,500
General and administrative expenses 27,50046,000
Indirect labor 12,40014,900
RepairsFactory equipment 5,3002,400
Raw materials purchases 46,00067,000
Selling expenses 55,60055,600
Sales 288,930387,630
Cash 32,00016,700
Accounts receivable, net 14,80019,950
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 calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended 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!