Question

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The following data is provided for Garcon Company and Pepper Company.

	Garcon Company					Pepper Company
Beginning finished goods inventory		$	12,600			$	17,500
Beginning work in process inventory			18,000				20,550
Beginning raw materials inventory (direct materials)			7,400				12,150
Rental cost on factory equipment			30,500				24,700
Direct labor			21,200				41,000
Ending finished goods inventory			17,150				14,100
Ending work in process inventory			25,900				20,200
Ending raw materials inventory			7,100				7,600
Factory utilities			13,050				15,000
Factory supplies used (indirect materials)			13,000				3,300
General and administrative expenses			30,000				48,500
Indirect labor			2,150				7,600
Repairs—Factory equipment			4,940				3,650
Raw materials purchases			44,500				52,000
Selling expenses			53,600				46,300
Sales			201,030				335,010
Cash			25,000				22,700
Factory equipment, net			237,500				151,825
Accounts receivable, net			13,600				19,700

Required:
1. Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019.
2. Complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2019.

Complete this question by entering your answers in the tabs below.

• Required 1
• Required 2

Required 1

Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2019.

Garcon Company Pepper Company Direct materials Beginning raw materials inventory $7,400 $12,150 Add: Raw materials purchases Raw materials available for use 7,400 12,150 Less: Ending raw materials inventory Direct materials used 7,400 12,150 Direct labor Factory overhead Rental cost on factory equipment Factory utilities Factory supplies used Indirect labor Repairs—Factory equipment Total factory overhead 0 0 Total manufacturing costs Add: Beginning work in process inventory Total cost of work in process 0 0 Less: Ending work in process inventory Cost of goods manufactured $0 $0

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, 2019.

	Garcon Company Pepper Company Cost of goods available for sale Cost of goods sold $0 $0

Answer 1