Question

[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.

	Garcon Company Pepper Company Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured

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 Cost of goods available for sale Cost of goods sold

Answer 1

		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
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