Question

In: Accounting

Garcon Pepper Beginning finished goods inventory 14,800 19,750 Beginning work in process inventory 15,600 19,650 Beginning...

Garcon Pepper
Beginning finished goods inventory 14,800 19,750
Beginning work in process inventory 15,600 19,650
Beginning raw materials inventory 7,800 14,400
Rental cost on factory equipment 31,000 24,100
Direct labor 23,800 44,600
Ending finished goods inventory 18,500 16,500
Ending work in process inventory 26,500 17,800
Ending raw materials inventory 6,800 9,800
Factory utilities 13,500 12,250
Factory supplies used 12,400 4,900
General and administrative expenses 33,000 45,000
Indirect labor 2,150 7,660
Repairs—Factory equipment 6,260 2,450
Raw materials purchases 41,000 57,500
Selling expenses 52,400 51,700
Sales 222,030 342,510
Cash 29,000 19,700
Factory equipment, net 267,500 145,825
Accounts receivable, net 14,800 20,950
Please calculate cost of goods sold, also indicate all the necessary steps clearly. Thanks

Solutions

Expert Solution

ekkarill92 answered 11 months ago
Next > < Previous

Related Solutions

Beginning finished goods inventory $ 14,500 $ 16,300 Beginning work in process inventory 15,900 19,650 Beginning...
Beginning finished goods inventory $ 14,500 $ 16,300 Beginning work in process inventory 15,900 19,650 Beginning raw materials inventory 10,500 14,400 Rental cost on factory equipment 28,750 26,500 Direct labor 25,000 42,600 Ending finished goods inventory 20,000 13,000 Ending work in process inventory 23,500 19,600 Ending raw materials inventory 7,200 8,800 Factory utilities 9,150 12,250 Factory supplies used 11,500 5,400 General and administrative expenses 32,500 44,500 Indirect labor 2,350 7,960 Repairs—Factory equipment 6,140 2,600 Raw materials purchases 37,000 59,000 Selling...
1.The finished goods beginning inventory = $100,000; The finished goods ending inventory = $50,000; The work...
1.The finished goods beginning inventory = $100,000; The finished goods ending inventory = $50,000; The work in process inventory at the beginning of the year was $150,000 and at the end of the year $50,000; The raw materials inventory at the beginning of the year $80,000 and at the end of the year was $40,000. Manufacturing costs and selling and administrative expenses were as follows: indirect materials = $10,000; factory utilities = $20,000; raw material purchases = $30,000 in June...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 14,900 $ 17,950 Beginning work in process inventory 18,000 21,150 Beginning raw materials inventory (direct materials) 8,700 15,000 Rental cost on factory equipment 27,750 26,500 Direct labor 23,000 44,600 Ending finished goods inventory 18,950 16,100 Ending work in process inventory 25,300 18,200 Ending raw materials inventory 5,300 7,400 Factory utilities 11,250 16,750 Factory supplies used (indirect materials) 11,800 4,600 General...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 12,800 $ 16,450 Beginning work in process inventory 15,500 21,900 Beginning raw materials inventory (direct materials) 7,500 12,750 Rental cost on factory equipment 32,250 22,300 Direct labor 21,400 40,600 Ending finished goods inventory 17,600 15,600 Ending work in process inventory 25,900 20,200 Ending raw materials inventory 6,600 7,400 Factory utilities 13,050 14,000 Factory supplies used (indirect materials) 9,400 3,700 General...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 12,000 $ 16,450 Beginning work in process inventory 14,500 19,950 Beginning raw materials inventory 7,250 9,000 Rental cost on factory equipment 27,000 22,750 Direct labor 19,000 35,000 Ending finished goods inventory 17,650 13,300 Ending work in process inventory 22,000 16,000 Ending raw materials inventory 5,300 7,200 Factory utilities 9,000 12,000 Factory supplies used 8,200 3,200 General and administrative expenses 21,000...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning...
The following data is provided for Garcon Company and Pepper Company. Garcon Company Pepper Company Beginning finished goods inventory $ 14,200 $ 19,750 Beginning work in process inventory 17,100 20,550 Beginning raw materials inventory 10,800 15,000 Rental cost on factory equipment 30,750 22,900 Direct labor 20,200 37,000 Ending finished goods inventory 18,500 13,200 Ending work in process inventory 28,000 18,400 Ending raw materials inventory 5,800 8,400 Factory utilities 13,950 14,500 Factory supplies used 11,800 5,400 General and administrative expenses 32,500...
1. Raw materials inventory $ 74000    $ 58000    Work in process inventory 98000    110000    Finished goods...
1. Raw materials inventory $ 74000    $ 58000    Work in process inventory 98000    110000    Finished goods inventory 100000    92000    During 2020, Waterway purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. How much is total manufacturing costs incurred during 2020 for Waterway? $1860000 $1876000 $1872000 $1864000 2. A process began the month with 2900 units in the beginning work in process inventory and ended the month with 2100 units in the ending...
Under applied over head 14,000 Finished goods inventory, beginning 310,000 Finished goods inventory, ending 380,000 Raw...
Under applied over head 14,000 Finished goods inventory, beginning 310,000 Finished goods inventory, ending 380,000 Raw materials inventory, beginning 110,000 Raw materials inventory, ending 95,000 Work in process inventory, beginning 105,000 Work in process inventory, ending 85,000 Selling expenses 180,000 Manufacturing overhead Applied 490,000 Direct labor 390,000 Administrative expenses 385,000 Purchases of raw materials 295,000 Sales 2,885,000 Required: 1) Prepare a schedule of Cost of Goods Sold for the year in good form? (Use the table given in the answer...
Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 28,500 124,500...
Work in Process Wages Manufacturing Finished Goods Raw Materials Inventory Payable Overhead Inventory Inventory 28,500 124,500 73,000 73,000 4,500 43,000 124,500 113,500 57,000 33,000 65,000 8,000 43,000 Balance 0 40,500 Unique produces screens for use in various smartphones. The company reports the following information at December 31. Unique began operations on January 31 earlier that same year. 1. What is the cost of direct materials​ used? 2. What is the cost of indirect materials​ used? 3. What is the cost...
If finished goods inventory increases between the beginning and the end of the year, then the...
If finished goods inventory increases between the beginning and the end of the year, then the cost of goods sold is smaller than the cost of goods manufactured. true or false
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT