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 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:

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

Solutions

Expert Solution

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ekkarill92 answered 1 year ago

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