In: Accounting
[The following information applies to the questions
displayed below.]
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company | Pepper Company | ||||||||
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 expenses | 62,800 | 58,600 | |||||||
Sales | 213,030 | 340,010 | |||||||
Cash | 29,000 | 15,700 | |||||||
Factory equipment, net | 232,500 | 127,825 | |||||||
Accounts receivable, net | 13,800 | 21,700 | |||||||
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, 2017.
2. Complete the table to calculate the cost of
goods sold for both Garcon Company and Pepper Company for the year
ended December 31, 2017.
Complete the table to find the cost of goods manufactured for both Garcon Company and Pepper Company for the year ended December 31, 2017.
|
complete the table to calculate the cost of goods sold for both Garcon Company and Pepper Company for the year ended December 31, 2017.
|
Garcon Company | Pepper Company | ||
Direct materials | $47,500 | $73,400 | |
Raw materials available for use | $7,200 | $8,800 | |
Direct materials used | $40,300 | $64,600 | |
Factory overhead | |||
Factory utilities | $9,150 | $12,250 | |
Factory supplies used | $11,500 | $5,400 | |
Repairs—Factory equipment | $6,140 | $2,600 | |
Rental cost on factory equipment | $28,750 | $26,500 | |
Total factory overhead | A | $55,540 | $46,750 |
Direct Labour | B | $25,000 | $42,600 |
Total manufacturing costs | A+B | $80,540 | $89,350 |
Total cost of work in process (Only Goods) | C | $32,700 | $64,650 |
Cost of goods manufactured | A+B+C | $113,240 | $154,000 |
Cost of goods available for sale | $127,740 | $170,300 | |
Cost of goods sold | $107,740 | $157,300 | |
Work In Proess | |||
Beginning work in process inventory | $15,900 | $19,650 | |
Add: Goods Transferred from Purchase | $40,300 | $64,600 | |
Direct labor | $25,000 | $42,600 | |
Factory utilities | $9,150 | $12,250 | |
Factory supplies used | $11,500 | $5,400 | |
Repairs—Factory equipment | $6,140 | $2,600 | |
Rental cost on factory equipment | $28,750 | $26,500 | |
Sub Total | $136,740 | $173,600 | |
Less: Ending work in process inventory | $23,500 | $19,600 | |
Cost of manufacture | $113,240 | $154,000 | |
Raw Material | |||
Beginning raw materials inventory | $10,500 | $14,400 | |
Add: Raw materials purchases | $37,000 | $59,000 | |
Sub total | $47,500 | $73,400 | |
Less: | |||
Ending raw materials inventory | $7,200 | $8,800 | |
Raw Material transferred to Work in Process | $40,300 | $64,600 | |
Finished Goods | |||
Beginning finished goods inventory | $14,500 | $16,300 | |
Add: Transferred From Work in process | $113,240 | $154,000 | |
Sub Total (Cost of Goods available for Sale) | $127,740 | $170,300 | |
Less: | |||
Ending finished goods inventory | $20,000 | $13,000 | |
Cost of Goods sold | $107,740 | $157,300 | |
Work In Proess | |||
Beginning work in process inventory | $15,900 | $19,650 | |
Add: Goods Transferred from Purchase | $40,300 | $64,600 | |
$56,200 | $84,250 | ||
Less:Ending work in process inventory | $23,500 | $19,600 | |
Goods used in Work in process | $32,700 | $64,650 | |
Related Solutions[The following information applies to the questions displayed below.] The following data is provided for Garcon...[The following information applies to the questions
displayed below.]
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company
Pepper Company
Beginning finished goods inventory
$
13,800
$
16,000
Beginning work in process inventory
17,300
23,400
Beginning raw materials inventory (direct materials)
8,100
10,500
Rental cost on factory equipment
28,750
24,250
Direct labor
21,000
36,200
Ending finished goods inventory
20,300
16,000
Ending work in process inventory
22,300
17,000
Ending raw materials inventory
6,600
9,400
Factory utilities
12,150...
[The following information applies to the questions displayed below.] The following data is provided for Garcon...[The following information applies to the questions
displayed below.]
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company
Pepper Company
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...
[The following information applies to the questions displayed below.] The following data is provided for Garcon...[The following information applies to the questions
displayed below.]
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company
Pepper Company
Beginning finished goods inventory
$
14,000
$
19,450
Beginning work in process inventory
16,300
20,100
Beginning raw materials inventory (direct materials)
8,900
9,450
Rental cost on factory equipment
32,750
24,850
Direct labor
24,400
41,000
Ending finished goods inventory
21,050
13,400
Ending work in process inventory
25,000
19,400
Ending raw materials inventory
7,100
8,200
Factory utilities
13,500...
[The following information applies to the questions displayed below.] The following data is provided for Garcon...[The following information applies to the questions
displayed below.]
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company
Pepper Company
Beginning finished goods inventory
$
14,000
$
19,450
Beginning work in process inventory
16,300
20,100
Beginning raw materials inventory (direct materials)
8,900
9,450
Rental cost on factory equipment
32,750
24,850
Direct labor
24,400
41,000
Ending finished goods inventory
21,050
13,400
Ending work in process inventory
25,000
19,400
Ending raw materials inventory
7,100
8,200
Factory utilities
13,500...
[The following information applies to the questions displayed below.] The following data is provided for Garcon...[The following information applies to the questions
displayed below.]
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company
Pepper Company
Beginning finished goods inventory
$
14,400
$
18,100
Beginning work in process inventory
16,700
21,300
Beginning raw materials inventory (direct materials)
10,400
9,900
Rental cost on factory equipment
33,500
22,450
Direct labor
24,400
40,200
Ending finished goods inventory
18,350
16,400
Ending work in process inventory
24,400
18,400
Ending raw materials inventory
7,200
9,400
Factory utilities
13,200...
[The following information applies to the questions displayed below.] The following data is provided for Garcon...[The following information applies to the questions
displayed below.]
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company
Pepper Company
Beginning finished goods inventory
$
13,100
$
16,150
Beginning work in process inventory
14,800
20,850
Beginning raw materials inventory (direct materials)
10,800
9,150
Rental cost on factory equipment
31,250
24,850
Direct labor
23,000
40,600
Ending finished goods inventory
18,800
13,700
Ending work in process inventory
26,800
20,000
Ending raw materials inventory
7,300
8,600
Factory utilities
13,200...
[The following information applies to the questions displayed below.] The following data is provided for Garcon...
[The following information applies to the questions
displayed below.]
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company
Pepper Company
Beginning finished goods inventory
$
12,300
$
17,800
Beginning work in process inventory
17,700
19,800
Beginning raw materials inventory
7,800
12,900
Rental
cost on factory equipment
33,250
26,800
Direct
labor
20,200
37,800
Ending
finished goods inventory
17,900
16,800
Ending
work in process inventory
22,300
18,600
Ending
raw materials inventory
5,800
9,600
Factory
utilities
10,650
14,000
Factory...
Required information [The following information applies to the questions displayed below.] The following data is provided...Required information
[The following information applies to the questions
displayed below.]
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...
Required information [The following information applies to the questions displayed below.] The following data is provided...Required information
[The following information applies to the questions
displayed below.]
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...
Required information [The following information applies to the questions displayed below.] The following data is provided...Required information
[The following information applies to the questions
displayed below.]
The following data is provided for Garcon Company and Pepper
Company.
Garcon Company
Pepper Company
Beginning finished goods inventory
$
12,700
$
19,600
Beginning work in process inventory
18,800
22,800
Beginning raw materials inventory
7,200
13,200
Rental cost on factory equipment
31,500
24,100
Direct labor
20,800
37,800
Ending finished goods inventory
19,250
13,100
Ending work in process inventory
23,800
21,400
Ending raw materials inventory
6,300
9,800
Factory utilities
10,950...
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